Papua New Guinea’s import of Aluminium Cans during 2018-19 displays de-growth; 2020 import reflects marginal growth
As per Fitch Solutions, the Papua New Guinea economy is expected to recover from 2021, after a recession in 2020. Fitch Solutions forecasts real GDP growth of 3.2% in 2021, from an estimated contraction of 4.0% in 2020.
The island nation on the South-western Pacific region has recorded with 7942 tonnes of aluminium cans during 2018-19 and the expenditure occurred for the import remained at $19.56 million. The import for 2020 stood at 3496 tonnes and the expenditure remained at $28.00 million. However, when the import volume and expenditure of 2020 gets added with the existing two years, it signifies 11,438 tonnes and $67.11 million respectively.
Papua New Guinea’s import of aluminium cans in 2018 was 4570 tonnes and the expenditure stood at $19.56 million, whereas, in 2019, the import saw de-growth by 26.21%, as the import volume dropped to 3372 tonnes and the expenditure remained at $19.55 million.
The import for 2020 saw a marginal rise by 3.67%, as the import volume grew to 3496 tonnes and the expenditure also surged to $28.00 million.
Papua New Guinea major trading destinations for the import of aluminium cans are China, Indonesia, Malaysia, New Zealand, Philippines, etc.
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