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24 MAY 2022 AL CIRCLE

Aluminium scrap exports by Estonia reached a record high during 2019-22

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

Aluminium is 100% recyclable and does not lose any of its properties or quality when it is recycled. Aluminium has been produced for over a century and is still in production today. Its recyclability plays a critical role in its success. Recovery and recycling have proven to be so valuable - both economically and ecologically - that the industry has grown and prospered.

Aluminium scrap exports by Estonia

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The services sector ranks as the largest in terms of its contribution to Estonia’s GDP. It majorly consists of shipping and transportation, telecommunications, electronics and banking sub-sectors. Other than UBC (Used Beverage Can), the shipping and electronics sector also generates some amount of aluminium scrap.

Estonia, a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region, exported 31,582 tonnes of aluminium scrap during 2019-21, generating revenue earnings of around $31.24 million.

Estonia's export of aluminium scrap

In 2019, Estonia exported 9000 tonnes of aluminium scrap, incurring earnings of $7.68 million, whereas, in 2020, the export of scrap rose by 6.66%, as the export volume excelled to 9600 tonnes, while revenue earnings remained at $7.56 million.

Europe's most advanced digital society, Estonia’s export of aluminium scrap in 2021documented a sharp growth of 35.22%, as the export volume of scrap surged to 12,982 tonnes and earnings also soared to $16 million approx.

The export of aluminium scrap in 2022 is analysed with further growth of 2.08%, as the export volume is anticipated to be at 13,253 tonnes, revenue to withstand at $16.83 million.

Report on World recycled aluminium market analysis

The major destinations for Estonia’s export of aluminium scrap are Germany, China, Finland, France, Hong Kong, India, Italy, etc.

Tagged with:

Aluminium scrap Europe

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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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