The economy of Namibia is projected to grow by 2.6% in 2021 and 3.3% in 2022, astride of a steady recovery in financial services, tourism, retail and wholesale trade and the mining industries—combined with a refinement in the regional and global economic environment. But the economy still faces substantial risks and challenges in the short to medium term, for instance, if the pandemic continues, the revival of critical sectors such as tourism, agriculture, and retail and wholesale trade would be slower than much anticipated.
The southern western African nation has recorded 32,908 tonnes of aluminium cans importation during 2018-19 and the amount expended for the import remained at $270.07 million. The import for 2020 stood at 6848 tonnes and the expenditure accounted for $57.68 million. However, when the import volume and expenditure of 2020 gets assorted with the preceding two years, it illustrates 39,392 tonnes and $327.75 million respectively.
Namibia’s import of aluminium cans in 2018 was registered at 13,853 tonnes and the expenditure stood at $124.67 million, whereas, in 2019, the import saw strong growth by 37.55%, as the import volume rose to 19,055 tonnes and the expenditure also climbed to $145.40 million.
The import for 2020 revealed a sharp downswing of 65.92%, as the import volume dropped to 6484 tonnes and the expenditure reduced to $57.68 million.
South Africa remains the sole exporter of aluminium cans to Namibia.
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