Greece's import of aluminium powder and flakes during 2019-22 exhibits a volatile trend with low demand

The Bank of Greece, which is the central bank of the country, in its annual report stated a slash in prediction for economic growth to 3.8% in 2022 from 4.8% earlier and elevated its forecast for the inflation rate to 5.2% under the base scenario, in its annual report.

As a nation, in 2020, Greece emerged to have countered a very deep recession and even under optimistic assumptions, a full recovery is going to take beyond 2021. Furthermore, the recession and the cost of the measures to diminish it have already navigated to a further sharp rise in Greece's already excessively high public debt.

The South-eastern European nation Greece imported 265 tonnes of aluminium powder and flakes during 2019-21, disposing of foreign earnings of $734,467 tonnes for the aluminium product.

In 2019, Greece imported aluminium powder and flakes of 101 tonnes, incurring a revenue outflow of $266,464 tonnes, whereas, in 2020, the import exhibited a downfall of 31.68%, as the import volume slumped to 95 tonnes, counting revenue expenditure of $207,369.

Greece’s import of aluminium powder and flakes in 2021 was recorded at 37.68%, as the import volume rebounds its demand growth to 95 tonnes, accounting expenditure of $260,634 tonnes.

The import for 2022 is evaluated with another drop in demand by 20%, as the import volume is anticipated to downfall to 76 tonnes and expenditure to stand at $211,632.

The major trading destinations for Greece’s import of aluminium powder and flakes are Germany, China, the USA, etc.