Croatia’s export of Aluminium Structures during 2018-20 signifies a drop in demand

According to the International Monetary Fund (IMF), the Croatian authorities should find a balance between short-term priorities of economic support amid the COVID-19 pandemic and medium-term priorities of restoring fiscal space and raising productivity and growth through green and digital public investment.

"Despite the difficulties of this year, Croatia is faring better than many other countries with a similar degree of tourism-dependence. Rises in unemployment have been contained thus far thanks to strong policy support. Yet, significant challenges persist due to the resurgent pandemic," said by the head of the IMF team in a statement.

The nation at the crossroads of Central and Southeast Europe on the Adriatic Sea has recorded 6008 tonnes export of aluminium structures during 2018-19 and the revenue generated from the export stood at $ 34.26 million. The export for 2020 remained at 2291 tonnes and the earnings accounted for $ 15.44 million. However, when the export volume and earnings of 2020 get added with the existing two years, it denotes 8299 tonnes and $ 49.70 respectively.

Croatia’s export of aluminium structures in 2018 stood at 3506 tonnes and the earnings remained at $17.20 million, whereas, in 2019 the export saw downfall by 28.63%, as the export volume plunged to 2502 tonnes, while the earnings remained at $17.06 million.

The export for 2020 also demonstrated de-growth by 8.43%, as the export volume dropped to 2291 tonnes and the earnings also shrunk to $15.44 million.

Croatia’s major trading destination for the export of aluminium structures are Bosnia Herzegovina, Bosnia, Canada, Denmark, Germany, Hungary, Indonesia, Kosovo, Italy, Luxembourg, Montenegro, Norway, Romania, Saudi Arabia, Switzerland, Slovakia, Slovenia, etc.