Forecast: Sold Production of Weapons and Ammunitions in Finland

Analyzing the sold production of weapons and ammunitions in Finland, we observe a fluctuating trend from 2013 to 2023, with a notable increase in recent years. The sold production stood at 113.19 million Euros in 2023. Year-on-year variations indicate significant increases in 2021 (+26.94%) and a steady rise over 2022 and 2023 (+1.92% and +1.96%, respectively). The last five years show an average annual growth rate (CAGR) of 8.24%.

The forecast from 2024 to 2028 predicts a continued increase, albeit at a slower rate, with an expected annual growth rate (CAGR) of 1.41% and a total growth of 7.27% over the five years.

Future trends to watch for include potential impacts from geopolitical developments, advancements in defense technology, and changes in regulatory environments which could influence both the demand and production capacities within the sector.