The express growth of Georgia’s aluminium scrap export market during 2017-20

Georgia strategically located at the crossroads of trade and commerce between East and West. The country is ideally positioned to access markets of Asia and Europe, as well as the Middle East and the CIS countries. Young talent pool, business-friendly regulations, a favourable tax and customs framework and relatively low-cost work environment have played a key role in developing the manufacturing sector in Georgia.

Georgia enjoys Deep and Comprehensive Free Trade Area with the EU, Free Trade Agreements with Turkey, Ukraine, China (including Hong-Kong), EFTA and CIS countries as well as Generalized System of Preferences (GSP) with the USA, Canada and Japan.

The Georgian aluminium scrap export market has recorded a rapid growth during 2017-19 as the total volume stood at 9544 tonnes and the revenue generated remained at $15.13 million. The projected export volume for 2020 has been analysed at 5048 tonnes, whereas the income generated might stretch to $9.04 million. When the volume and income figures are added with the previous three years it reflects 14592 tonnes and $24.17 million respectively.

In 2017 the aluminium scrap export market recorded only 1820 tonnes, while income was just $2.60 million, whereas in 2018 the export rose by 149.01%, as the total volume stood at 4532 tonnes, with Y-o-Y excess by 2712 tonnes and the foreign revenue generation stood at $6.39 million, a jump by 145.76% from its preceding year.

The aluminium scrap export of Georgia in 2019 reflected 3192 tonnes and the foreign revenue stood at $6.14 million, while the projection for 2020 has shown growth by 58.14%, as the volume would stand at 5048 tonnes and the income pumped up by 32.07% Y-o-Y.

Georgia’s trading nation for aluminium scraps is Azerbaijan, India, Lithuania, Netherlands, Pakistan, Slovenia, Turkey, UAE, UK, etc.