Key Market Indicators
Estonia's import of non-ferrous metals is projected to reach approximately 68,000 metric tons by 2028, marginally up from around 68,000 metric tons in 2023. This represents a stagnant year-on-year growth rate of 0%. Since 2005, the country's demand for non-ferrous metals has seen a slight decline, averaging a 0.5% decrease annually. In the global ranking for 2023, Estonia was positioned at number 31, with Lithuania leading just ahead at the same approximate volume of 68,000 metric tons. Other notable countries in this ranking include Spain, France, and Norway, which occupied the 2nd, 3rd, and 4th positions respectively. On the export front, Estonia's non-ferrous metal shipments are expected to reach close to 53,000 metric tons by 2028, up from around 52,000 metric tons in 2023. This marks a modest annual growth rate of 0.2%. Since 2005, Estonia's export volume has increased by an average of 2.9% per year. In 2023, Estonia ranked 32nd globally in non-ferrous metal exports, with Lithuania again taking the lead at a similar volume of 52,000 metric tons. Spain, France, and the Netherlands were the top three exporters, holding the 2nd, 3rd, and 4th positions in the ranking, respectively.
