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Ammo Shortage 2024

11/2023
Nov 19, 2023
🕒 3 mins

Welcome to our first blog post discussing the Ammo Shortage in 2024! If you’ve been following the news lately, you have probably heard about the ongoing wars in Ukraine and Israel. Well, it turns out that these conflicts are not only impacting geopolitics but also causing a significant shortage of ammunition and a skyrocketing rise in ammo prices. In this post, we’ll delve into the reasons behind the ammo shortage, the effects it’s having on the market, and what it means for gun owners and enthusiasts. So, grab a seat and let’s explore this pressing issue together!

2024 is shaping up to be a rough year for ammo that will impact gun owners across the country. The main culprit behind this uncertainty in the market is the limited availability of nitrocellulose. Nitrocellulose is a highly flammable compound used in the production of gunpowder. It serves as a key ingredient in propellants for artillery and mortar rounds. Currently, in the ongoing conflicts in Ukraine and Israel, both sides heavily rely on the utilization of this substance for their ammunition needs.

China, which holds a significant 30% market share in nitrocellulose production, has recently made the decision to cease exporting nitrocellulose to the United States and NATO countries purportedly to cut off the supply of munitions to Ukraine. This development has significant implications for the US market, as it will impact the availability and supply of this important material. Nitrocellulose, a highly flammable compound, is commonly used in the production of explosives, lacquers, and celluloid products. The cessation of Chinese exports will undoubtedly have a notable effect on the US nitrocellulose industry.

Russia is the second largest producer of nitrocellulose globally, closely trailing China. In a strategic move, they have recently decided to cease the export of nitrocellulose

, prioritizing its supply for their own domestic military requirements. It’s unknown how much of the market these two countries combined account for, but some military analysts estimate it could be as high as 50% of the market.

Domestic US production of nitrocellulose has experienced a significant decrease in availability for civilian purchasers. This reduction is primarily due to recent decisions by major domestic ammunition manufacturers, such as Winchester and their subsidiary Lake City, who have ceased ammo production for non-government orders until they’ve fulfilled all of their government contracts, estimated to take at least 18 months. As a result, the accessibility of nitrocellulose for civilian use has been severely impacted.

Due to the heightened global demand for ammunition and limited availability of nitrocellulose, there will be a significant increase in prices for all types of ammo, estimated to rise by approximately 12%. This price surge is a direct result of the imbalance between supply and demand, as well as the scarcity of nitrocellulose. As a consequence, consumers should anticipate higher costs when purchasing ammunition in the foreseeable future. These changes are expected to be very noticeable by the summer of this year, intensifying as hunting season starts, when the industry typically sees its highest demand for ammunition.

Intensifying the shortages in 2024 is the election year, which historically generates high demand within the firearms industry. This alone contributes to market shortages. When combined with ongoing industry factors, it creates a perfect storm for significant disruptions and shortages in the ammunition market.

To sum up, this blog post has provided a comprehensive overview of the anticipated ammo shortages and price increases in 2024. It is crucial for individuals to take prompt action and secure their ammunition supplies if they haven’t already. We highly recommend purchasing ammunition at the earliest opportunity. Additionally, to stay well-informed about advantageous deals and market fluctuations, we encourage readers to sign up for our newsletter and follow us on social media using the links at the bottom of this page. Don’t miss out on this opportunity to equip yourself adequately. Act now and stay connected!

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Joshua Stevens

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