In recent years, aluminium cans have gained in popularity both among consumers and companies. There are endless possibilities for aluminium cans, from craft beers and canned wine to energy drinks and sparkling water. In the 1950s, Coors Brewing Company mass-produced aluminium cans for improving beer taste and providing a more sustainable container than steel cans. It is therefore reassuring to know that the environmental goals of that revolutionary new product are still being addressed.
Despite limited market reforms, Bosnia and Herzegovina's economy is in transition and upper-middle-income. On 10th May 2022, the European Bank for Reconstruction and Development (EBRD) stated that it anticipates Bosnia and Herzegovina's economy to inflate by 3% in 2022, revising upwards its existing projection by 0.7% points.
The country on the Balkan Peninsula in south-eastern Europe, Bosnia and Herzegovina imported 1828 tonnes of aluminium cans during 2019-21.
Emilio Braghi, the EVP & President of Novelis Europe said, “Collection and sorting systems are essential to increasing circularity and to unlocking the full potential of infinitely recyclable materials. We need a policy framework that incentivises true recycling and circular systems, where at the end of their life, beverage containers are recycled again and again – without loss of quality. Aluminium is perfectly suited for multiple product-to-products recycling. We need to move our thinking from waste to valuable resource – reusing existing material to produce new packaging and thereby saving precious natural resources, energy, and lowering emissions.”
In 2019, Bosnia Herzegovina imported 1058 tonnes of aluminium cans, incurring revenue expenditure of $8.43 million, whereas, in 2020, the import illustrated a drastic downfall in volume to 92 tonnes due to the havoc created by the Covid pandemic.
The importation of aluminium cans in 2021 rebounded its momentum and attained 678 tonnes, however, it is still unclear in regards to the expenditure occurred for the import.
Aluminium cans importation by Bosnia Herzegovina is evaluated with a further demand growth by 10.17%, as the import volume is envisioned to reach 747 tonnes, while expenditure to stand at $2.17 million.
The major trading nations for Bosnia Herzegovina’s import of aluminium cans are Croatia, Malta, Slovenia, etc.
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