The arms exports by Australia showed significant fluctuations from 2013 to 2023. Notable years include 2014 with a 79.63% increase and 2016 with a 55.17% rise. The sharpest climb was in 2020 with a 297.12% rise, followed by a steep decline in 2022 by 82.45%. Nevertheless, 2023 witnessed a remarkable rebound with a 306.51% increase, putting the export value at 134.15 million USD. The 5-year CAGR from 2014 to 2023 stood at 28.03%.
Future forecasts from 2024 to 2028 predict a stable growth with minor annual increases, marking a 0.53% CAGR. The total growth over this period is expected to be 2.67% in arms exports.
Key trends to watch for include geopolitical tensions, defense policies, and technological advancements in arms manufacturing, which could impact future exports.
