Denmark’s import of Aluminium Can downsizes in 2020: Predicted 25%

The Danish economy is a modern market economy with comfortable living standards, a high level of government services and transfers, and a high dependence on foreign trade.

As a small open economy, Denmark generally solicits a liberal trade policy, and its exports, as well as imports, make up circa 50% of GDP.

Aluminium can importation in Denmark from 2017-20 has been reflecting at 42,067 tonnes, which accounted for $207.58 million.

The trend of importation of aluminium cans from 2017-20 is not showing a significant path, as there are rise and fall. In 2017 the aluminium can importation in Denmark was posted 12791 tonnes in volume, disbursement of foreign revenue $55.33 million.

In 2018 the aluminium can importation has shown de-growth of 2635 tonnes, total import volume was 10156 tonnes, amounted to $49.69 million, a decline of 20.60%.

The importation in 2019 was posted at 10924 tonnes, a rise of 768 tonnes, and positive growth of 7.56% was noted, which amounted to $56.39 million.

The prediction for 2020 is also showing negative growth and a sharp fall of 25% in comparison to the previous year. The import for 2020 will stand at 8198 tonnes, the downfall of 2726 tonnes and the volume of import amounted to $46.17 million.

The economy of Denmark is dominated by the service sector with 80% of all jobs, whereas about 11% of all employees work in manufacturing and 2% in agriculture.