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.
Lithuania Iron Ore Market Data and Forecasts
How much will Lithuania Iron Ore Market grow to 2026?More in Iron Ore Industry for 2027
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China’s economic and infrastructural expansion has greatly influenced its commodities market, including ore trade. This sector has witnessed an increase in both imports and exports, signaling a robust demand for base and precious metals and expanding supply capabilities. However, the disproportionality between the two is worthy of note, with imports...Read more
Several dynamics are driving increased interest in the iron ore pellets industry. Predominantly, decarbonization efforts and stricter environmental regulations have stimulated demand for high-grade iron ore pellets in steelmaking, as they yield fewer emissions compared to low-grade ores. Moreover, developing economies infrastructure expansion - particularly in Asia, chiefly China and...Read more