The import value of rifles for sporting, hunting, or target-shooting to Sweden has seen fluctuations over the past decade, with notable increases in 2015 and 2021. As of 2023, the import value stood at USD 14.119 million, representing a year-on-year increase of 2.58%. Looking at the historical data, there has been a mixed trend with periods of significant growth, especially in 2015 with 50.81%, and contractions, notably in 2016 and 2020. Over the last two years, the variation has been relatively stable with single-digit growth. The average annual growth rate over the past five years (CAGR) is 3.2%.
Future forecasts for 2024 to 2028 show a steady growth rate with a five-year forecasted CAGR of 1.96%, leading to an expected value of USD 15.934 million by 2028. The overall five-year growth rate is projected at 10.18%, indicating a continued positive trend but at a slower pace compared to the past decade.
Future trends to watch for include changes in import regulations, advancements in rifle technology, and shifts in consumer preferences for outdoor sporting activities. Additionally, economic factors and international trade policies could influence the import volumes and values in the coming years.
