Czech Republic’s export of aluminium cans during 2018-20 signifies strong growth followed a by sharp downfall; 6% rise estimated for 2021

As per the Organisation for Economic Co-operation and Development (OCED) snapshot, Czech Republic’s GDP following the sharp plunge in 2020 is projected to regain by 3.3% and 4.9% in 2021 and 2022, respectively. The country has countered one of the highest infection and death rates in the OECD region and progress in vaccinations has been relatively slow, delaying the relaxation of containment measures. The recovery will nevertheless gather pace in the second half of 2021, once the population is more extensively vaccinated, triggering a rebound in services and boosting private consumption and investment. Inflation has picked up due to rising food and fuel prices.

The landlocked country in Central Europe, Czech Republic exported 203,930 tonnes of aluminium cans during 2018-20 and the revenue generated from the export accounted for $464.96 million.

In 2018, the aluminium cans export remained at 57,425 tonnes for the Czech Republic and the earnings counted was $96.13 million, whereas, in 2019, the export revealed growth by 47.71%, as the export volume grew to  84,824 tonnes and earnings soared to $178.25 million.

Followed by strong growth in 2019, the export for 2020 displayed a sharp downfall by 27.28%, as the export volume fell to 84,824 tonnes, while the earnings further surged to $190.58 million.

The Czech Republic’s export of aluminium cans in 2021 is analysed with a 6% growth, as the export volume is expected to remain at 65,405 tonnes, while the earnings are predicted at $182.84 million.

The major trading destinations for the Czech Republic’s export of aluminium cans are Algeria, Austria, Bulgaria, Canada, El Salvador, France, Finland, Germany, Hungary, Ireland, Italy, etc.