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19 MAY 2020 AL CIRCLE

Finland’s expeditious growth of Aluminium scraps exportation during 2017-20

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

Finland is the eighth-most expensive country in Europe according to a Eurostat study of 2017. The economy of Finland is a highly industrialised, mixed economy with a per capita output similar to that of other western European economies such as France, Germany and the United Kingdom. Industry in Finland is the second largest sector of Economy of the nation after the services sector. The metal industry is categorised into multiple branches. Finland’s exports include metals and metal products worth, machinery, electronics and vehicles.

Finland's aluminium scrap export

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The aluminium scrap exportation market of Finland during 2017-20 has reflected with a positive overview. This also gives a notification that the usage of aluminium or the demand for the aluminium in the nation’s manufacturing units has been increasing.

Finland’s aluminium scrap export during 2017-19 has been recorded with an export volume of 168,903 tonnes and the revenue income stood at $157.60 million. The projected analysis for 2020 has been posted at 81,833 tonnes as export volume and the income might reach to $76.56 million. When the export volume for the current year has been added with the previous three years the export volume and revenue generation stands at 250,736 tonnes and $234.16 million.

In 2017 the country’s aluminium scrap import has been posted at 40,030 tonnes and the revenue earned was recorded at $34.62 million, whereas in 2018 a significant rise of 64.26% has been marked as the total export stood at 65,756 tonnes with Y-o-Y rise by 25,726 tonnes and the revenue generation also reflected growth by 81.28%, as the income stood at $62.76 million.

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The aluminium scrap export in 2019 has remained at 63,117 tonnes and the revenue earned remained at $60.22 million. The projected for 2020 has also shown a rise of 29.65%, as the total export volume might reach to 81,833 tonnes with Y-o-Y rise by 18,716 tonnes.

Finland’s aluminium scrap export trading countries is China, Denmark, Estonia, France, Germany, Hong Kong, India, Latvia, Netherlands, Spain, Poland, Sweden, Taiwan, UK, UAE, Vietnam, etc.

 

 


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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