Albania’s Aluminium scrap import-export remains in steady progress during 2017-20

AL Circle

Albania, on South-eastern Europe’s Balkan Peninsula, is a small country with Adriatic and Ionian coastlines and an interior crossed by the Albanian Alps. The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market. Albania's economy is based on the service (54.1%), agriculture (21.7%), and industrial (24.2%) sectors.

The European nation’s aluminium scrap import-export remains in steady progress during 2017-20.

Albania's aluminium scrap import-export

The aluminium scrap import during 2017-19 exhibited rapid growth followed by minor fall, as the import volume stood at 24,015 tonnes and the revenue expenditure recorded was $24.56 million. The projected import for 2020 has been analysed at 8434 tonnes and the expenditure to stretch up at $9.77 million. When the analysed import volume and expenditure gets added to the previous three years it remains at 32,449 tonnes and $ 34.33 million respectively.

In 2017, the country’s aluminium scrap import was recorded at 5514 and expenditure stood at $5.35 million, whereas in 2018 the import reflected growth by 74.59%, as the import volume marked was 9627 tonnes and expenditure climbed to $10.19 million.

Albania’s aluminium scrap import in 2019 was displayed with downfall by 7.82%, as the import volume recorded was 8874 and expenditure dropped at $9.02 million, while the estimated import for 2020 has also been analysed with de-growth by 4.95% as the import volume is expected to reach at 8434 tonnes.

Albania's aluminium scrap import-export

The major trade destinations for Albania’s aluminium scrap importation are Belgium, Bulgaria, Croatia, Cyprus, Denmark, Greece, Italy, Malta, Netherlands, etc.

Albania’s aluminium scrap export during 2017-19 remained enterprising, as the export during the phase stood at 15,267 tonnes and revenue earnings recorded was $15.75 million. The estimated export volume for 2020 has been marked at 5090 tonnes and earning to remain at $4.60 million. However, when the 2020 projected export volume and earning gets summed with the preceding three years it reaches at 20,357 tonnes and $20.35 million respectively.

The aluminium scrap export during 2017 has been at 3147 tonnes and the earning stood at $3.49 million, while in 2018 it showed growth by 96.21%, as the remained at 6175 tonnes and income generations climbed to $6.87 million.

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In 2019, the export however exhibited fall by 3.72%, as the export volume stood at 5945 tonnes and the earning dropped to $5.39 million, while in 2020 the analysed export also saw dip by 14.36%, as the export volume might remain to 5090 tonnes.

Albania’s aluminium scrap export trading nations are Belgium, Greece, Hungary, Italy, Turkey, UK, etc.

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