Key Market Indicators
Lithuanian Nickel Exports are projected to reach approximately $7.6 million by 2028, up from around $6.4 million in 2023. This marks an annual growth rate of 2.7% in compound annual growth rate (CAGR). Since 1999, the country’s nickel supply has increased by 5% annually. In 2023, Lithuania ranked 37th in nickel exports, with Romania slightly ahead at $6.4 million. Leading the rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth spots, respectively. On the import front, Lithuania's Nickel Imports are expected to climb to nearly $6.9 million by 2028, rising from $5.7 million in 2023. This indicates an average annual growth rate of 2.9%. Since 1999, Lithuanian nickel demand has shown a consistent annual growth rate of 5.6%.
