Key Market Indicators
Finnish weapon imports are projected to decline significantly over the next five years. By 2028, imports are expected to drop to approximately $24 million, down from nearly $39 million in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 7.9%. Historically, Finnish demand for imported weapons has seen a steady decline, falling by 14.9% annually since 1965. In the global rankings for 2023, Finland placed 69th in terms of weapon imports. Sri Lanka, with an import value also close to $39 million, ranked just ahead. Leading the rankings, Qatar, Saudi Arabia, and Kuwait took the second, third, and fourth positions, respectively. Conversely, Finnish weapon exports are on a modest upward trajectory. By 2028, exports are forecasted to reach nearly $28 million, up from around $25 million in 2023. This marks a 1.7% average annual growth rate. Despite this recent growth, Finnish weapon exports have seen a historical decline, decreasing by 8.5% annually since 1965.
