Georgia’s import of aluminium cans during 2018-20 exhibits steady to marginal growth

The economy of Georgia has been hard hit by the COVID-19 pandemic. The country’s economy is forecasted to expand to 4% in 2021 and then to firm to 5% in 2022. Despite this improvement, the output is unlikely to recover to pre-COVID levels until late 2022, in part owing to a subdued outlook for international tourism over the forecast horizon. Sebastian Molineus, World Bank Regional Director for the South Caucasus, said: “The pace of Georgia’s recovery beyond 2021 will be contingent on vaccine rollout and the restoration of international trade and investment.”

The former Soviet republic, Georgia booked 3280 tonnes of aluminium cans importation during 2018-19 and the expenditure accounted for the import was $23.87 million. The import for 2020 stood at 1794 tonnes and the expenditure remained at $12.81. In consideration of that, when the import volume and expenditure of 2020 gets added with the preceding two years, it exhibits 5074 tonnes and $36.68 million respectively.

Georgia’s import of aluminium cans in 2018 was recorded at 1512 tonnes and the expenditure counted was $11.30 million, whereas, in 2019, the import saw an up-rise by 16.93%, as the import volume grew to 1768 tonnes and the expenditure also soared to $12.57 million.

The import for 2020 reflected a marginal growth of 1.47%, as the import volume rose to 1794 tonnes and expenditure grew to $12.81 million.

The major trading destinations for Georgia’s import of aluminium cans are the Netherlands, Poland, Russia, Turkey, Ukraine, etc.