In 2023, Italy leads European sold production of weapons and ammunitions with €1.2078 billion, despite a 3.58% decrease. Germany follows at €0.38035 billion, witnessing a 1.14% rise. Spain shows resilience with a 3.01% increase, while Austria sees the highest surge of 16.34%. Finland and Portugal also exhibit growth, with 8.24% and 5.36% increases, respectively. Conversely, the UK experiences a significant 25.39% decline, with other countries like Bulgaria, Croatia, and Greece also seeing reductions.
Future trends to watch:
- Increased regional security concerns and geopolitical tensions could drive demand across Europe.
- Technological advancement and innovation in weaponry may impact production dynamics.
- Regulatory and policy changes within the European Union could influence manufacturing and export capacities.
Top countries in Sold Production of Weapons and Ammunitions by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,207,800,000 | 2023 | +1.85% | -3.58% | View data |
| 2 | 2 Germany | 380,350,000 | 2023 | +7.06% | +1.14% | View data |
| 3 | 3 Spain | 237,830,000 | 2023 | +0.88% | +3.01% | View data |
| 4 | 4 Austria | 149,870,000 | 2023 | +15.81% | +16.34% | View data |
| 5 | 5 France | 142,280,000 | 2021 | +37.89% | +2.75% | View data |
| 6 | 6 Czechia | 118,270,000 | 2021 | |||
| 7 | 7 Finland | 108,930,000 | 2023 | +1.96% | +8.24% | View data |
| 8 | 8 Serbia | 64,039,000 | 2023 | +5.11% | +0.02% | View data |
| 9 | 9 United Kingdom | 59,874,000 | 2023 | -44.76% | -25.39% | View data |
| 10 | 10 Portugal | 55,452,000 | 2023 | +2.6% | +5.36% | View data |
