New Zealand’s import of Aluminium Cans during 2018-20 exhibits rapid downfall

New Zealand's GDP sprouted 2.2% in 2019 against 3.2% in 2018 but fell to -6.1% in 2020 due to the outbreak of the COVID-19. It is expected to pick up to 4.4% in 2021 and 2.6% in 2022 according to the updated IMF forecasts from January 2021.

The island country in the south-western Pacific Ocean has recorded 4589 tonnes of aluminium cans import during 2018-19 and the expenditure accounted for the import stood at $17.16 million. The import for 2020 remained at 1014 tonnes and the expenditure recorded at $8.71 million. However, when the import volume and expenditure of 2020 gets assorted with the existing two years, it resembles 5603 tonnes and $25.87 million respectively.

New Zealand’s import of aluminium cans in 2018 exhibited at 3305 tonnes and the expenditure stood at $10.92 million, whereas, in 2019, the import saw de-growth by 61.14%, as the import volume dropped to 1284 tonnes and the expenditure also fell to $6.24 million.

The import for 2020 also reflected a downfall by 21.02%, as the import volume notified drop to 1014 tonnes, while the expenditure saw rise to $8.71 million.

The major trading destinations for New Zealand’s importation of aluminium cans are Australia, China, France, Germany, Ireland, Italy, Slovenia, Taiwan, Thailand, Turkey, UK, USA, etc.