Germany leads European weapons and ammunition production with a value of 4.98 billion Euros in 2024, exhibiting a robust growth of 6.05% year-on-year. The United Kingdom follows with 3.2 billion Euros but experienced a slight decline of 0.5% in 2023. Italy, with 1.26 billion euros, saw a more significant decrease of 4.07%. Sweden exhibited a remarkable surge of 17.87%, reaching 1.09 billion Euros. Spain's value stands at 0.9124 billion Euros, showing a modest increase of 3.04%. Bulgaria, Switzerland, Austria, and the Czech Republic show stable growth with values of 0.6601, 0.6421, 0.577, and 0.5588 billion Euros respectively, and varying year-on-year growth rates.
Serbia had a substantial 10.51% increase to 0.3224 billion Euros. Smaller markets like Finland (0.1485), Bosnia and Herzegovina (0.1156), Portugal (0.0521), and Hungary (0.038) showed positive percentage changes in 2023. Conversely, Greece had a significant decline of 17.72% to 0.0278 billion Euros, with minor negative trends seen in Cyprus and Slovenia.
Future trends to watch include potential shifts in geopolitical tensions affecting production demands, defense budget allocations, and technological innovations within the sector. Countries with recent positive growth trends may capitalize on increasing production capabilities and strategic partnerships, while those with declines might aim for stabilization and modernization efforts.
Top countries in Weapons and Ammunition Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,980 | 2023 | +7.28% | +6.05% | View data |
| 2 | 2 United Kingdom | 3,200 | 2023 | -0.38% | -0.5% | View data |
| 3 | 3 Italy | 1,260 | 2023 | -5.01% | -4.07% | View data |
| 4 | 4 Sweden | 1,090 | 2023 | +3.03% | +17.87% | View data |
| 5 | 5 Spain | 912.4 | 2023 | +9.61% | +3.04% | View data |
| 6 | 6 Bulgaria | 660.1 | 2023 | +7.21% | +0.77% | View data |
| 7 | 7 Switzerland | 642.1 | 2023 | +0.078% | +4.39% | View data |
| 8 | 8 Austria | 577 | 2023 | +3.85% | +7.39% | View data |
| 9 | 9 Czech Republic | 558.8 | 2023 | +4.57% | +3.22% | View data |
| 10 | 10 Serbia | 322.4 | 2023 | +5.5% | +10.51% | View data |
