Austria’s export of aluminium scrap during 2019-21 manifests sustainable growth; a 3% upswing estimated for 2022

The recycling of aluminium has significant positive effects on the economy and the environment. The metal has an infinite recyclable feature, which consumes up to 95% less energy to recycle than to produce primary aluminium rationally and it also limits emissions, including greenhouse gases. Furthermore, the augmented use of secondary aluminium in production reduces the extraction of bauxite.

A highly developed industrialized nation, Austria’s service sector has played an important role in its economic contribution. The major industries are aluminium downstream, mechanical engineering and steel construction, chemicals, vehicle manufacturing and food and luxury commodities. Austria generates both fresh aluminium scrap and post-consumer scrap.

The country located in the southern part of Central Europe, Austria exported 528,344 tonnes of aluminium scrap during 2019-21, enabling to incur revenue earnings of $513.87 million from the export.

In 2019, it was recorded that Austria exported 167,112 tonnes of aluminium scrap, counting revenue of $156.90 million, whereas, in 2020, the export reflected a rise by 4.44%, as the export volume excelled to 174,542 tonnes, while the revenue inflow dropped to $143.88 million.

Austria’s export of aluminium scrap in 2021 manifested growth by 6.95%, as the export volume scaled up to 186,690 tonnes, propelling the earnings to $213.09 million.

The export for 2022 is evaluated with a further upswing of 3.18% with anticipation of the rise in volume to 192,636 tonnes and revenue generation to incline at $224.65 million.

The major trading destinations for Austria’s export of aluminium scrap are Czech Rep., Albania, Belgium, Estonia, France, Germany, Hong Kong, Luxembourg, Hungary, India, Netherlands, Poland, Slovakia, etc.