In 2023, the United States held a dominant position with 78.59% share in global munitions export, reflecting a 3.29% year-on-year increase. Spain and South Korea followed, with notable exports of 6.67% and 4.41% respectively. Russia showed significant growth at 16.66%, reaching 2.83% market share, while Poland rose by 13.03%. Declines are noticeable in Japan and Australia, at -18.86% and -51.13% respectively. The CAGR for countries like Malaysia and Czech Republic highlighted robust growth, standing at 92.4% and 30.13% respectively.
Looking ahead, the munitions market could witness heightened competition among emerging exporters as geopolitical tensions influence demand. Continued technological advancements and defense policy shifts may further alter global shares. Monitoring innovation in defense technology and international diplomatic relations will be crucial to anticipate future market dynamics.
Top countries in Export of Munitions of War, Ammunition and Projectiles Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 78.59 | 2023 | +2.44% | +3.29% | View data |
| 2 | 2 Spain | 6.67 | 2023 | +6.08% | +4.4% | View data |
| 3 | 3 South Korea | 4.41 | 2023 | +5.44% | +2.64% | View data |
| 4 | 4 Russia | 2.83 | 2023 | -8.91% | +16.66% | View data |
| 5 | 5 Norway | 2.29 | 2023 | -0.32% | +0.031% | View data |
| 6 | 6 Canada | 1.56 | 2023 | -0.02% | -0.25% | View data |
| 7 | 7 Poland | 1.24 | 2023 | +4.58% | +13.03% | View data |
| 8 | 8 Switzerland | 0.96 | 2023 | +3.25% | -1.47% | View data |
| 9 | 9 Slovakia | 0.89 | 2023 | +6.01% | +0.49% | View data |
| 10 | 10 Japan | 0.56 | 2023 | -1.92% | -18.86% | View data |
