Key Market Indicators
Lithuania's mining and quarrying sector is projected to see its revenue climb to approximately €273 million by 2028, up from around €252 million in 2023. This represents an average annual growth rate of 1.3%. Since 2010, the Lithuanian market has consistently grown at this same rate year on year. In 2023, Lithuania ranked 28th in the mining and quarrying revenue standings, with Slovenia slightly ahead at the same €252 million mark. The United Kingdom, Germany, and Poland held the second, third, and fourth positions, respectively. On the production side, Lithuania's mining and quarrying output is expected to reach nearly €397 million by 2028, rising from about €345 million in 2023. This equates to an average yearly growth rate of 2.2%. Since 2000, the country's supply has increased by 6.4% annually. In 2023, Lithuania was ranked 29th in production, with Slovenia just ahead at €345 million. The United Kingdom, Poland, and the Netherlands occupied the second, third, and fourth spots, respectively.
