It's going to be slow to recover. The gun control noise out of Washington will extend the panic buying mindset, making competition for products more fierce. I am feeling sorry for folks who didn't stock up sooner. I suspect the factory prices are increasing to try to stem the flow a little and help with all the overtime they're paying.
When immunization becomes ubiquitous and overseas shipping starts to normalize, then you'll see some price drops as imported components and ammunition start to arrive. But right now Europe is not doing well with the virus, including Eastern Europe. The Czech Republic (Sellier & Bellot) has had 1.4 times more virus deaths per capita than the U.S. has (equivalent to almost 791,000 deaths here). Italy (Fiocchi) is 5% higher per capita, and so is Serbia (Prvi Partisan). Russia (Tula) claims not to be doing as badly, but we have trade sanctions with Russia. Sweden (Norma) is only at about 80% of our total infection rate here, making it the only bright spot (if you can call it that) in the industry. In any event, the output is low across the pond and shipping unreliable.