The export of munitions of war, ammunition, and projectiles from Norway is forecasted to decline steadily from 2024 to 2028. In 2023, the volume stood at 284.01 thousand kilograms. From 2024 to 2025, a year-on-year decrease of approximately 4.43% is expected. This declining trend continues with a 4.56% drop from 2025 to 2026, a 4.68% decline from 2026 to 2027, and a 4.80% decrease from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately -4.51%.

Future trends to watch for:

Geopolitical developments that could impact demand for munitions and defense products.
Technological advancements in defense and ammunition manufacturing.
Changes in international defense agreements and export regulations.