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20 MAY 2019 AL CIRCLE

Belgium’s aluminium scrap import to extend decline by 5.4% in 2019; France to be the leading exporter

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Post 2017, Belgium had been found recording a year on year drop in aluminium scrap import and this year is estimated to be no exception either, found the global export-import data. In 2017, the country’s aluminium scrap import had seen a rise from 231,939 tonnes in 2016 to 295,073 tonnes. In the year next, the volume dropped to 264,160 tonnes, 10.47 per cent lower than in 2017. In 2019, the volume is likely to stand further down by 5.4 per cent year on year at 249,873 tonnes.

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The reason behind the fall in Belgium’s aluminium scrap import for the second year in a row could be the increase of scrap generation within the country. Belgium that boasts one of the largest glass industries in the world is also characterised by the presence of a large number of aluminium fabrication industries and aluminium scrap shredders. While Reynaers Aluminium is one of the European leaders specialized in the aluminium durable solutions development, UNTHA Shredding Technology, Persona AB, HSM GmbH + Co. KG, and NWP are some of the major Belgian aluminium scrap companies.

Along with the year on year decrease in Belgium’s aluminium scrap import in 2019, the country’s import cost is likely to drop as well. Compared with US$202 million in 2018, Belgium’s aluminium scrap import cost this year is expected to stand at US$189 million, down 6.4 per cent. In 2017, the country’s aluminium scrap import cost was at US$248 million, which indicates that the cost stood down in 2018 as well. In 2017, however, the import cost had pegged higher from US$175 million in 2016, in tandem with the rise in import volume.

France is expected to be the leading source of Belgium’s aluminium scrap import in 2019. The import amount is estimated to stand at 78,376 tonnes at US$42 million. Germany is likely to be the second largest source with the import amount at 48,116 tonnes at US$37 million, followed by Netherlands 43,479 tonnes at US$32 million.

Tagged with:

Aluminium scrap Europe

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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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