Greece import of Aluminium structures during 2018-20 reveals positive trend

The economy of Greece to grow 2.8% in 2020 in regards to investment, lower taxes, and budget projects. As per Reuter’s report in the last phase of the previous year, Greece expects its economy to grow by 2.8% in 2020, driven by higher investments, improving domestic demand and tax cuts as the country recovers from a decade-long debt crisis. However, in September’20, FocusEconomics panellists see GDP contracting 7.9% in 2020 before growing 5.2% in 2021, which is down 0.5% points from last month's projection.

The South-eastern European nation’s import of aluminium structures during 2018-19 has been recorded at 3847 tonnes and the expenditure incurred stands at $19.24 million. The import for 2020 is expected to reach at 2204 tonnes and expenditure to outreach at $11.77 million. However, when the import volume and expenditures get added with the previous two years, it denotes 6051 tonnes and $31.01 million respectively.

In 2018, the aluminium structure of Greece stood at 1677 tonnes and expenditure remained at $9.34 million, whereas, in 2019 the import reflected growth by 29.39%, as the import volume stood at 2170 tonnes and expenditure accounted was $9.90 million.

The import for 2020 has been predicted with marginal growth by 1.56%, as the import volume to climb at 2204 tonnes, while expenditure to rise at $11.77 million.

The major trading nations for Greece import of aluminium structure are Albania, Austria, Canada, China, Czech Rep., Cyprus, France, Germany, Italy, Hungary, Philippines, Poland, Turkey, UK, etc.