Key Market Indicators
Lithuania's cobalt exports are expected to grow over the next five years, reaching 17,460 kilograms by 2026. This represents a compound annual growth rate (CAGR) of 4.6% since 2021, when exports totaled 13,260 kilograms. Since 2011, exports have increased by 34.7% year on year. Lithuania held the 31st spot in 2021, with Israel ahead at 13,260 kilograms. The United States, Russia and China ranked 2nd, 3rd and 4th respectively in this ranking. Meanwhile, Lithuania's cobalt imports are anticipated to reach 15,270 kilograms by 2026, growing at an average rate of 4.3% year on year since 2021. Since 2000, demand has surged by 65.2%. In 2021, Lithuania ranked 44th, with Hungary surpassing it at 11,850 kilograms. Belgium, the United States and Japan placed 2nd, 3rd and 4th in this ranking.