Denmark’s import of Aluminium ingot remains variable during 2017-19: Dip by 2.55% projected for 2020

Denmark is one of the most prominent Scandinavian nations and an important part of the European Union since 1973. The country holds a prominent position in the world economy. Denmark is the world’s 60th largest economy in terms of Purchasing Power Parity (PPP). It has a diverse economy that is a mixture of agriculture, services, and industry.

The aluminium ingot importation of Denmark remains variable during 2017-19 as the total volume of import recorded was 232,165 tonnes, whereas the revenue expended remained at $405.24 million. The projected import analysis for 2020 has shown a dip by 2.55%, as the total import might reflect 73,720 tonnes, with $109.32 million to be listed for expenditure.

The trading nations for Denmark’s aluminium ingot are Austria, Croatia, Germany, Luxembourg, Netherlands, Norway, Spain, Sweden, UK, France, Taiwan, USA, Italy, Poland, etc.

The Danish import of aluminium ingot in 2017 has been recorded at 72,963 tonnes and the expenditure stood at $123.99 million, whereas in 2018 a rise by 14.51%, as the total import volume remained at 83,551 tonnes, with Y-o-Y surplus by 10,588 tonnes and the revenue expenditure rose to $148.59 million.

In 2019, the import saw a fall by 9.45%, as the volume stood at 75,651 tonnes, with Y-o-Y drop by 7900 tonnes and the expenditure also saw a down-turn of $132.66 million. The estimated import volume for 2020 has reflected a dip by 2.55% as the total volume to remain at only 73,720 tonnes.