Key Market Indicators
Copper imports to Montenegro are projected to reach $4 million by 2026, growing at a steady 1% year-on-year rate. Since 2011, demand for copper in Montenegro grew by an average of 7.3% annually. In 2021, Montenegro ranked 113rd in copper imports, overtaken by Albania at $3.8 million. Germany, the United States and Italy came in second, third and fourth, respectively. Meanwhile, Montenegrin copper exports are expected to dip to $4.8 million by 2026, with a year-on-year average decline of 2.7%. Since 2011, supply of copper in Montenegro has dropped by 0.8% annually. In 2021, Montenegro ranked 96th in copper exports, overtaken by Guatemala at $5.6 million. Germany, the United States and Japan ranked second, third and fourth, respectively.
Montenegro Copper Market Data and Forecasts
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