Based on the analysis of the forecasted import data for shotguns, rifles, carbines, and muzzle-loaders to the UK, the import volume is expected to steadily decline from 42.74 thousand items in 2024 to 35.32 thousand items by 2028. In 2023, the import volume stood at 44.74 thousand items.
The year-on-year percentage variations for each forecast year are as follows:
- 2024-2025: -4.47%
- 2025-2026: -4.58%
- 2026-2027: -4.72%
- 2027-2028: -4.85%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is -4.59%, indicating an average annual decrease of 4.59%.
Future trends to watch for include potential shifts in regulatory policies affecting firearm imports, changing consumer preferences, advancements in firearm technology, and broader geopolitical factors that could influence demand and supply dynamics in the UK firearm market.
