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If 2020 is a roller coaster ride, the ammunition market is that one part of a track with a huge incline and nothing but blue sky in front of you. Our friends at National Association of Sporting Goods Wholesalers (NAGSW) are getting the initial data on the COVID-19 ammunition market Spike we saw last month. In the first quarter alone, the value of ammunition shipments doubled the entire FY 2019 value. The value of firearm shipments increased by $50M in comparison to the same week in 2019.
Where do we go from here? Will shooters sit on their new stockpiles and continue to buy ammo at normal or increased rates? How long will it take for manufacturers to resupply the distribution chain? And how much will pricing increase when rounds start becoming available again? And are we in for 2012 style shortages?
Stay tuned.
The Soaring Ammunition Market and a Record Week for Distributors
http://news.nasgw.org/news/another-record-week-for-scope-dlx
Ankeny, IA (April 1, 2020) – As we pass the 15-day mark, in the U.S.’s Flattening the COVID-19 Curve timeline, the National Association of Sporting Goods Wholesalers (NASGW) SCOPE data platform reports another record week in firearms and ammunition shipments. Ammunition sales nearly doubled for the week ending March 21. When we look at year-to-date (YTD) numbers for 2020, ammunition sales are up 49% compared to the three-year average (3YR AVG), and 188% and the week-over-week, growing from $9.9m to $18.6m.
NAGSW: Soaring Ammunition Market And A Record Week (Credit: NAGSW)
Firearms shipments were up 67% on the week. As of the 21st, they posted a more modest growth of 2% YTD against the 3YR AVG. As firearms shipments keep rising, keeping the supply chain moving will be the challenge in meeting the demand.
NAGSW: Soaring Ammunition Market And A Record Week (Credit: NAGSW)
All in all, SCOPE DLX revealed that it was another massive week for the ammunition market and our distributors, as COVID-19 continues to have a widespread impact on our industry. This unparalleled industry tool helps distributors and manufacturers by providing them with easy to understand data and information about real market situations so they can make better decisions. “Our partners continue to navigate the uncharted waters of COVID-19 with SCOPE DLX as a ‘compass,'” says Easton Kuboushek, NASGW Director of Data Programs. “It’s rewarding to see members ask questions and engage in SCOPE more frequently.”
NAGSW: Soaring Ammunition Market And A Record Week (Credit: NAGSW)
While still on the rise, optics shipments were still below the 3YR AVG at -4%. For the 2020 YTD shipments, they rose 5%, and their year-over-year growth was a little over 28% YTD.
NASGW SCOPE is an industry-leading data analytics platform. Built, in partnership, with shooting sports manufacturers, distributors, and retailers, SCOPE DLX collects weekly shipment data from 20 leading distributors that represent demand from thousands of FFLs across the United States.
NASGW SCOPE is an industry-owned, distributor led initiative designed to help shooting sports businesses collect and analyze data. NASGW recently announced the acquisition of CustomerLink Exchange (CLX) and the integration of point-of-sale data into the SCOPE platform. SCOPE CLX, powered by eComSystems, Inc, will soon be released with benefits for shooting industry manufacturers, distributors, and retailers. To learn more about SCOPE and the upcoming launch of SCOPE CLX, visit nasgwscope.org or contact scope@nasgw.org to see how SCOPE data can benefit your business.
