Key Market Indicators
Austrian weapon imports surged to approximately $8.1 million in 2023, a significant increase from $4 million in 2022. This represents a remarkable 103% rise compared to the previous year. Since 1965, the demand for weapons in Austria has grown at an average annual rate of 6.3%. In the global ranking for 2023, Austria placed 109th, with Burkina Faso marginally ahead at the same $8.1 million mark. Qatar, Saudi Arabia, and Kuwait occupied the second, third, and fourth spots, respectively. On the export front, Austria's weapon exports are projected to reach about $15.2 million by 2028, up from $14.9 million in 2023. This indicates a modest average annual growth rate of 0.3%. Since 1971, Austria's weapon supply has experienced a robust average annual growth rate of 16.4%.
