Key Market Indicators
Bangladesh's weapon imports are projected to hit approximately $252 million by 2028, up from around $246 million in 2023. This marks a steady annual growth rate of 0.4%. Since 1976, the country's demand for weapons has increased significantly, with an average yearly growth rate of 9.7%. In 2023, Bangladesh ranked 28th globally in terms of weapon imports. Myanmar overtook Bangladesh with imports totaling around $246 million. Meanwhile, Qatar, Saudi Arabia, and Kuwait secured the second, third, and fourth positions in the global ranking, respectively.
