The market is dominated by domestic suppliers, as imports account for 3.9% of total market size in 2023. Investments drive market demand, with investments representing 66.3% of total demand in 2023. Turkey has the second largest market size for weapons and ammunition regionally, with demand reaching USD6.8 billion in 2023. Makina Ve Kimya Endustrisi Kurumu Genel Mudurlugu is the largest company in Turkey, generating 11.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 20.6% of total production value in 2023. The total number of companies increases in 2023, to 1,544 units. The costs of the industry increase by 28.4% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 42.2% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 20.2% of total production output. With production value of USD7.1 billion, Turkey accounts for 22.6% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Weapons and Ammunition in Turkey: ISIC 2927. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Weapons and Ammunition in Turkey: ISIC 2927 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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