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28 JUNE 2021 AL CIRCLE

Qatar’s export of aluminium scrap during 2018-20 demonstrates ‘V’ shaped development

EDITED BY : RUPANKAR MAJUMDER 1MINS READ

The economy of Qatar will regain its positive growth of 2.9% in 2021, as the economy benefits from a recovery in Chinese and global LNG demand, as well as the rapprochement with the former boycotting quartet Saudi Arabia, the UAE, Bahrain and Egypt.

Qatar’s export of aluminium scrap

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The peninsular Arab nation’s export of aluminium scrap during 2018-19 was recorded at 10,605 tonnes and the earnings posted for the export was $9.39 million. The export for 2020 remained at 6498 tonnes and the earnings stood at $8.67 million. However, when the export volume and earnings for 2020 gets assorted with the existing two years, it denotes 17,103 tonnes and $18.06 million respectively.

Qatar’s export of aluminium scrap

Qatar’s export of aluminium scrap in 2018 was registered at 6594 tonnes and the earnings accounted was $7.35 million, whereas, in 2019 the export saw a drop by 47.49%, as the export volume plunged to 3651 tonnes and the earnings contracted to $2.04 million.

The export for 2020 regained its rise in growth by 77.97%, as the export volume surged to 6498 tonnes, while the earnings rose highest in the phase at $8.67 million.

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The major trading destinations for Qatar’s export of aluminium scrap are Austria, Pakistan, South Africa, Taiwan, Turkey, Ukraine, etc.


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EDITED BY : RUPANKAR MAJUMDER 1MINS READ

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