Key Market Indicators
Kuwait’s weapon imports are projected to reach approximately $2.3 billion by the year 2028, rising from around $2.25 billion in 2023. This marks an average annual growth rate of 0.1%. Historically, Kuwaiti demand for weaponry has surged significantly, recording an 87.9% increase year-on-year since 1965. In the current year, Kuwait ranks fourth globally in terms of defense imports. Leading the list in 2023 is Saudi Arabia, with weapon imports also valued at approximately $2.25 billion. Qatar and Saudi Arabia clinch the second and third spots, respectively, in this ranking.
