The major industries that contribute to the economy of South Africa are mining, automobile manufacturing, metalworking, machinery, textiles, aluminium, iron and steel, chemicals, fertiliser, foodstuffs, commercial ship repair.
South Africa’s export of aluminium scrap remains dwindling during 2017-20. The export volume has been recorded at 123,332 tonnes during 2017-19 and the revenue generations stood at $386.46 million. The projected export volume for 2020 has been analysed at 45,200 tonnes and the earnings to reach $221.06 million. However, when the export volume and income for 2020 get assorted with the previous three years, it exhibits 168,532 tonnes and $ 607.52 million respectively.
In 2017, South Africa’s aluminium scrap export has been recorded with 21,925 tonnes and revenue earnings stood at $ 46.33 million, while in 2018 the aluminium scrap export saw a rapid growth by 135.31%, as the export volume rose to 51,592 tonnes and earnings surged with 237.23%, as it stood to $ 156.24 million.
The aluminium scrap export of South Africa in 2019 has been marked with marginal fall of 3.44%, as export volume remained at 49,815 tonnes, whereas earnings stood at $ 183.89 million, a rise by 17.69%.
The projected aluminium scrap export for 2020 is evaluated with 9.26% dip, as the export volume to reach at 45,200 tonnes, while earnings are expected to soar at $ 221.06 million, growth by 20.21%.
The South African government has banned on all types of metal scrap export with effect from 3rd July’20 for 2 months.
The major trading nations for South Africa’s export of aluminium scrap are Bahrain, Belgium, Brazil, China, Germany, Greece, Hong Kong, India, Italy, Japan, Malawi, Malaysia, Mauritius, Saudi Arabia, Thailand, UK, Vietnam, etc.
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