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26 FEBRUARY 2019 AL CIRCLE

Aluminium scrap imports by Turkey to continue growing in 2019; Libya to be the main exporter

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Aluminium scrap imports by Turkey have been found increasing over the past couple of years; and according to the global export-import data, this year is expected to be no exception. Per the available data, Turkey in 2019 is estimated to import 122,879 tonnes of aluminium scrap, compared with 104,319 tonnes in 2018. The data thus indicate that Turkey's aluminium scrap import in 2019 is likely to grow 18 per cent from the previous year.

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As you can see in the above graph that in the years 2016 and 2017, Turkey’s aluminium scrap import was at 46,748 tonnes and 80,846 tonnes respectively. This means the year 2017 saw a 73 per cent rise in Turkey's aluminium scrap import from 2016, and 2018 witnessed an increase of 29 per cent year-on-year.

In tandem with the continued increasing volume, Turkey’s import cost is also expected to extend its rise. From US$170 million in 2018, Turkey’s aluminium scrap import cost in 2019 is estimated to grow to US$203 million, up 19 per cent. In 2016, the import cost was at US$63 million, which in 2017 and 2018 grew to US$123 million and US$170 million. This shows a year-on-year surge in 2017 by 95 per cent and in 2018 38 per cent.

Libya is expected to be the primary exporter of aluminium scrap to Turkey this year. As per the global data, Libya is estimated to ship 25,873 tonnes valued at US$41 million. Belgium is expected to be the next leading exporter, providing 22,102 tonnes at the value of US$33 million, followed by Italy 15,005 tonnes at US$26 million.


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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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