The volume of the aluminum market in Lithuania experienced notable growth from 2013 to 2023, reaching 33.443 million kilograms in 2023. Initially, the market showed significant expansions, particularly between 2013 and 2016, averaging an annual growth close to 21%. Despite a slight decline in 2019, consistent increments of around 6-8% were observed subsequently. Over the last five years, the compound annual growth rate (CAGR) was approximately 4.54%, indicating steady market expansion.
Future trends to watch for include potential impacts from global supply chain disruptions, the demand for sustainable materials, and the evolution of industrial applications that could drive further market growth in Lithuania's aluminum sector.
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,408,200,000 | 2023 | +0.83% | -0.58% | View data |
| 2 | 2 Italy | 3,489,000,000 | 2023 | +0.62% | -0.32% | View data |
| 3 | 3 France | 2,678,000,000 | 2023 | +3.22% | +3.73% | View data |
| 4 | 4 Poland | 1,733,000,000 | 2023 | +4.27% | +3.38% | View data |
| 5 | 5 United Kingdom | 1,187,100,000 | 2023 | +0.12% | -0.81% | View data |
| 13 | 13 Finland | 155,520,000 | 2023 | +3.42% | -0.35% | View data |
| 14 | 14 Bulgaria | 132,140,000 | 2023 | +2.77% | +3.28% | View data |
| 15 | 15 Lithuania | 33,443,000 | 2023 | +6.97% | +4.54% | |
