The production value of weapons and ammunition in Spain is forecasted to grow steadily from 952.7 million Euros in 2024 to 1110.0 million Euros in 2028, indicating significant year-on-year growth. With a continual increase in production value from 2024 to 2028, the compound annual growth rate (CAGR) over this period is projected to be robust.
The year-on-year variations are as follows:
- 2025: Approximately 4.2% increase from 2024
- 2026: Approximately 3.8% increase from 2025
- 2027: Approximately 3.9% increase from 2026
- 2028: Approximately 3.7% increase from 2027
Future trends to watch for include potential influences from geopolitical events, changes in defense budgets, technological advancements, and shifts in international relations which could impact both domestic production and international demand for Spanish weapons and ammunition.
