Which Country Imports the Most Tanks and Other Armoured Fighting Vehicles in the World?

IndexBox has just published a new report "World: Tanks And Other Armoured Fighting Vehicles - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of armored fighting vehicle imported worldwide totaled 134K tonnes, growing by 6% against the previous year level. Overall, armored fighting vehicle imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2016, when import increased by 6% from the previous year level. Over the period under review, global armored fighting vehicle imports reached its maximum volume of 178K tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, armored fighting vehicle imports stood at $2.3B in 2016. Overall, armored fighting vehicle imports continue to indicate a relatively flat trend pattern. Over the period under review, global armored fighting vehicle imports reached its maximum level of $3.1B in 2010- however, from 2011 to 2016, it failed to regain its strength.

Top Armored Fighting Vehicle Importing Countries in the World

1. USA (276.8 million USD)

2. Indonesia (234.9 million USD)

3. Canada (213.2 million USD)

4. Netherlands (141.6 million USD)

5. Australia (100.6 million USD)

6. Germany (75.9 million USD)

7. Brazil (60.7 million USD)

8. Poland (32.8 million USD)

9. South Africa (29.2 million USD)

10. Lebanon (11.9 million USD)

11. India (3.2 million USD)

12. 384 (0.3 million USD)

Armored Fighting Vehicle Imports By Country

In 2016, Lebanon (25K tonnes), distantly followed by South Africa (16K tonnes), Canada (14K tonnes), Germany (13K tonnes), the U.S. (8K tonnes), and India (7.8K tonnes) were the major importers of armored fighting vehicle, together mixed up 63% of total imports. Indonesia (5.3K tonnes), 384 (4.7K tonnes), Australia (4.1K tonnes), Poland (3.4K tonnes), the Netherlands (2.8K tonnes), and Brazil (2.4K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of armored fighting vehicle imports, among the main importing countries, was attained by Indonesia (+107.6% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest armored fighting vehicle markets worldwide were the U.S. ($277M), Indonesia ($235M) and Canada ($213M), together accounting for 31% of global imports.

Indonesia (+79.3% per year) had the highest rates of growth with regard to the armored fighting vehicle imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Armored Fighting Vehicle Import Prices By Country

In 2016, the average import price for armored fighting vehicle amounted to $17 per kg, dropping by -1.5% against the previous year. Over the last nine years it increased at an average annual rate of +2.9%.The growth pace was the most rapid in 2009, when import price increased by 36% against the previous year level. Over the period under review, average armored fighting vehicle import price attained its maximum level of $21 per kg in 2011- however, from 2012 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was the Netherlands ($50 per kg), while 384 ($74 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of armored fighting vehicle import prices was attained by the Netherlands (+72.5% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global armored fighting vehicle market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• armored fighting vehicle market share
• armored fighting vehicle prices
• armored fighting vehicle industry
• armored fighting vehicle sales
• armored fighting vehicle import
• armored fighting vehicle export
• armored fighting vehicle market forecast
• armored fighting vehicle price forecast
• key armored fighting vehicle producers

All data provided in this article covers the following product: HS Code 8710 - Tanks and other armoured fighting vehicles- motorised, whether or not fitted with weapons, and parts of such vehicles.

Source: World: Tanks And Other Armoured Fighting Vehicles - Market Report. Analysis and Forecast to 2025