Key Market Indicators
Cypriot weapon imports are projected to decline to approximately $17.2 million by 2028, down from $19.2 million in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 1.8%. Historically, Cypriot demand for weapon imports has seen a consistent decline, averaging a 4.8% reduction each year since 1987. In the global rankings for 2023, Cyprus stood at the 90th position. Lebanon edged ahead of Cyprus with imports valued at $19.2 million. The leading countries in this ranking were Qatar, Saudi Arabia, and Kuwait, occupying the second, third, and fourth positions respectively.
