Key Market Indicators
By 2026, Lithuanian Iron Ore imports are expected to reach $506,800. This is an increase of around 2.4% annually since 2021. Lithuania was ranked 60th globally in terms of iron ore imports in 2021. Kenya overtook Lithuania with $440,060. Japan, South Korea, and Germany were the 2nd, 3rd, and 4th biggest importers respectively. In 2017, Lithuanian iron ore exports were worth $52,420, up from $6,070 in 2016. This is a staggering increase of 763.6% compared to the previous year. Since 2012, Lithuanian supply has grown by an average of 42.9% each year.