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AL CIRCLE

Ireland’s import of aluminium structures during 2018-21 signifies constant downfall; 5.5% further dip predicted for 2021

EDITED BY : 2MINS READ

The Irish research body “Economic and Social Research Institute” (ESRI) that produces independent, high-quality research to inform policies that support a healthy economy and promote social progress, stated that the Irish economy will recoil adequately this year growing by 11% on the back of stronger exports and a resurgence in consumer spending and investment linked to the easing of restrictions.

Ireland’s import of aluminium structures

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The island in the North Atlantic, Ireland recorded 35,173 tonnes of aluminium structures during 2018-20 and the expenditure occurred for the import of the metal structures accounted for $148.75 million.

In 2018, the nation recorded 15,001 tonnes of aluminium structures and the expenditure occurred for the import was $28.96 million, whereas, in 2019, the import unfolded a significant downfall by 21.90%, as the import volume dropped to 11,715 tonnes, while the expenditure rose to $69.66 million.

Ireland’s import of aluminium structures

Ireland’s import of aluminium structures in 2020 was registered at 8,457 tonnes, a drop of 27.81% and the cost of the import was valued at $50.13 million.

The import for 2021 was further reviewed by 5.59% de-growth, as the import volume is expected to remain at 7984 tonnes, due to the fall in demand at the domestic market and the expenditure to also shrink at $29.09 million.

Outlook for the Indian Aluminium Industry

The major trading destinations for Ireland’s import of aluminium structures are Albania, Austria, Belgium, China, Denmark, France, Honk Kong, Italy, Poland, South Korea, Spain, etc.

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EDITED BY : 2MINS READ

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