The economy of Turkey is recoiling from a pandemic-influenced slump with close to 10% growth expected in 2021 as manufacturing and consumption escalate, but the resonance is feeding into and in turn, being break down by double-digit inflation.
The nation that bridges Europe and Asia, Turkey recorded exports of 49,848 tonnes of aluminium cans during 2018-20 and the earnings occurred from the export accounted for $139.74 million.
Turkey’s export in 2018 was documented at 7435 tonnes and the earnings generated from the export was $31.44 million, whereas, in 2019, the export observed a sharp growth by 214.20%, as the export volume leapt to 23,361 tonnes and the earnings surged to $56.04 million.
In 2020, the aluminium cans exportation of Turkey is exemplified with de-growth by 20%, as the export volume dropped to 18,688 tonnes and the earnings also plunged to $52.26 million.
Turkey’s export of aluminium cans in 2021 has been evaluated with a further downswing by 43.02%, as the export volume is predicted with a downfall to 10,647 tonnes and revenue generation to stand at $41.05 million.
The major trading destinations for Turkey’s export of aluminium cans are Algeria, Bulgaria, Czech Rep., Egypt, France, Georgia, Greece, India, Hungary, Iran, Iraq, Jordan, etc.
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