Forecast: Weapons and Ammunition Turnover in Finland

The weapons and ammunition turnover in Finland observed a declining trend from 2015 to 2018, with year-on-year variations of -0.72%, -2.97%, and -2.32%, respectively. However, a strong rebound occurred in 2019 with a growth rate of 14.23%. The years following saw a generally positive trend with consistent, though moderate, increases; between 2020 and 2023, the average growth per year (CAGR) was 4.6%. By 2023, the value stood at 147.9 million Euros. Forecasts indicate a continued, albeit slower, growth rate with a forecasted 5-year CAGR of 1.97% and a cumulative growth rate of 10.27% by 2028.

Future trends to watch for include:

• Geopolitical developments impacting defense budgets and procurement strategies.
• Technological advancements and innovations in weaponry and ammunition.
• Shifts in national security policies and international arms agreements.
• Economic factors influencing government and private expenditure in the defense sector.