Key Market Indicators
Nepal's weapon imports are projected to rise to nearly $8 million by 2028, up from approximately $7.6 million in 2023. This represents an average annual growth rate of 0.6%. Historically, Nepal's demand for weapons has increased by an average of 1.8% each year since 1970. In the global ranking for 2023, Nepal held the 112th position, with South Sudan surpassing it with approximately $7.6 million in imports. Leading the rankings are Qatar, Saudi Arabia, and Kuwait, occupying the second, third, and fourth spots respectively.
