India’s export of aluminium containers for compressed gas nearing a decline in 2017

The export of aluminium containers for compressed gas from India is inching towards a major drop in 2017. From 967.67 tonnes in 2016, the export of this major commercial category of aluminium packaging is projected to reach 695.4 tonnes by December end. Imposition of Goods and Services Tax (GST) at the rate of 18 per cent is thought have impacted upon the outbound trade of the commodity.

However, the post-GST effect is expected to fade out soon putting export industry in India back on the fast track.

India’s export of aluminium containers for compressed gas has been increasing steadily on a yearly basis since 2015. From 249 tonnes in 2014 it surged to reach 972.6 tonnes in 2015. In 2016, the export remained nearly flat at 968 tonnes.

Source: www.exporttrust.com

Global trade data suggests that export volume will decrease significantly in 2017- a total volume of only 695.4 tonnes of aluminium containers for compressed gas will be shipped from India by this year end. The value of export will also decrease from US$6.8 million in 2016 to US$5.16 million in 2017.

The major countries to which India exports aluminium containers for compressed gas include UAE, United Kingdom, Vietnam, Taiwan, Bangladesh, Tanzania, Cote d Ivoire, Malaysia, and Oman. UAE has been India’s biggest importer of aluminium containers for compressed gas, till H1 2017.