In 2024, Italy led the European sold production of cartridges and other ammunition and projectiles with a noteworthy value of 389.2 million Euros. Germany followed with 180.78 million Euros, and Spain and France recorded figures of 123.61 and 120.09 million Euros respectively. Serbia, Finland, Greece, and Croatia showed lower production values, with Serbia's value at 62.085 million Euros, Finland at 37.468 million Euros, Greece at 3.066 million Euros, and Croatia at 2.0299 million Euros. Compared to 2023, Italy saw a significant increase in production by 14.91%, while Germany’s production grew by 5.49%. Spain experienced a slight growth of 0.38%, and Serbia’s production decreased by 2.14%. Finland registered a 6.11% growth, whereas Greece and Croatia faced declines of 15.59% and 12.71% respectively.
Over a longer period, Italy continues to show robust growth dynamics, with the latest CAGR indicating a strong upward trend. Germany's consistent production increase reflects stable demand while Spain and France maintain steady outputs. Serbia and Greece have shown some fluctuation and declines, requiring close monitoring. Finland's performance appears to be gradually improving, but Croatia's smaller scale production has faced consecutive drops.
Future trends to watch for include:
- Emerging technological innovations in ammunition manufacturing.
- Potential impacts of geopolitical tensions within Europe affecting production and supply chains.
- Environmental regulations influencing production practices and material selections.
- Fluctuations in defense budgets and funding allocations across different nations impacting demand.
- Growing demand for advanced ammunitions particularly in the context of modernization programs.
Top countries in Sold Production of Cartridges and Other Ammunition and Projectiles by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 389,200,000 | 2023 | +3.5% | +14.91% | View data |
| 2 | 2 Germany | 180,780,000 | 2023 | +12.68% | +5.49% | View data |
| 3 | 3 Spain | 123,610,000 | 2023 | +1.91% | +0.38% | View data |
| 4 | 4 France | 120,090,000 | 2021 | +35.45% | +4.72% | View data |
| 5 | 5 Serbia | 62,085,000 | 2023 | +1.24% | -2.14% | View data |
| 6 | 6 Finland | 37,468,000 | 2023 | -0.044% | +6.11% | View data |
| 7 | 7 Greece | 3,066,000 | 2023 | -15.28% | -15.59% | View data |
| 8 | 8 Croatia | 2,029,900 | 2023 | +2.1% | -12.71% | View data |
