European Weapons and Ammunition Turnover by Country

In 2024, Germany leads the European market in weapons and ammunition turnover with a value of 5.71 billion euros, followed by the United Kingdom at 2.89 billion euros. Italy's turnover stands at 1.41 billion, while Sweden's is at 1.1 billion euros. Spain follows closely at 0.9029 billion euros. Bulgaria, Switzerland, and Austria are relatively smaller markets with turnovers of 0.6515, 0.6101, and 0.5744 billion euros, respectively. Czech Republic, Serbia, and Finland have turnovers below 0.6 billion euros, with the remaining countries generating even lower figures.

Between 2022 and 2023, significant year-on-year variations were observed: Germany saw an 8.11% increase, whereas the United Kingdom experienced a slight decline of 0.76%. Sweden marked a substantial rise of 17.79%, indicating strong growth prospects. On the other hand, Greece, Cyprus, and Iceland experienced declines of 12.86%, 5.98%, and 5.85%, respectively. Notable growth was also seen in Hungary (9.17%), Finland (4.6%), and Bosnia and Herzegovina (5.82%), reflecting a diversifying market trend.

Future trends to watch include potential growth in smaller markets like Hungary and Bosnia and Herzegovina, as well as fluctuations in traditionally strong markets like Germany and Sweden. Emerging geopolitical dynamics and technological advancements in weaponry could further influence turnover variations in the coming years. Monitoring these indices would provide insights into market stability and growth opportunities within the European weapons and ammunition sector.