The production value of weapons and ammunition in Sweden has demonstrated significant fluctuations over the past decade. In 2013, the value stood at 584.4 million euros, witnessing a notable decline the following year. However, from 2015 onward, there were periods of recovery and growth, with the value reaching 1090.0 million euros in 2023. Particularly remarkable was the surge in 2019, with a year-on-year increase of 97.09%. The overall Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 17.87%, reflecting robust growth.
In the forecasted period from 2024 to 2028, the production value is expected to see moderate growth, reaching 1250.0 million euros by 2028. The forecasted 5-year CAGR is projected at 2.06%, indicating a slower yet steady increase over the coming years.
Future trends to watch for include:
- Technological advancements in weaponry, which may drive production value.
- Geopolitical changes influencing defense budgets and production priorities.
- Potential shifts towards sustainable and smart ammunition solutions.
