Key Market Indicators
Italy's weapon imports are projected to drop significantly over the next five years, falling from $215 million in 2023 to approximately $115 million by 2028. This decline represents a 10% annual decrease in compound annual growth rate (CAGR). Historically, Italian demand for weapon imports has been on a downward trajectory, decreasing by an average of 5.6% per year since 1965. In the global ranking of weapon importers for 2023, Italy was positioned at number 30. Algeria surpassed Italy with imports totaling $215 million. Meanwhile, Qatar, Saudi Arabia, and Kuwait held the second, third, and fourth positions, respectively. On the export front, Italy's weapon exports are set to experience modest growth. Forecasts indicate that exports will rise from $1.8 billion in 2023 to $1.82 billion by 2028, marking a 0.1% annual increase in CAGR. Since 1965, Italy's weapon export supply has seen a substantial rise, growing by an average of 27.3% per year.
