The Aluminium scrap export market of Germany remains unstable during 2017-20

In the present time, aluminium is a widely used metal in various industries. The metal is lightweight, easy to process, and corrosion-resistant. Aluminium consumption is growing year by year. It is facilitated by the development of aluminium production technologies and the expansion of its scope.

It is difficult to overestimate the importance of aluminium scrap market for the growing needs of the global aluminium production. The more aluminium is consumed by a country for production of goods or purchase of aluminium-containing products, the more aluminium scrap and waste are obtained after their use. As usual, aluminium scrap and waste are recycled domestically or exported to other countries depending on the needs. Aluminium can be recycled to infinity.

Germany’s aluminium export stands as a $ billion market, though it has been unstable for the last 3 years, as the total export volume stands at 3.44 million tonnes, while revenue generated stood at $3.88 billion. The projected export volume for 2020 has been analysed at 1.07 million tonnes.

The aluminium scrap export of Germany in 2017 has been recorded by 1.12 million tonnes, while the income has remained to $1.29 billion. In 2018 a growth of 5.35% has been recorded, as the total export volume reflected at 1.18 million tonnes and the revenue generation reached to $1.34 billion.

In 2019 the aluminium scrap export showed a fall by 3.38%, as the export volume stood at 1.14 million tonnes. The revenue also dropped and remained at $1.25 billion.

The estimated export volume for 2020 also shows de-growth by 6.14% as total export volume should remain at 1.07 million tonnes, whereas the revenue generation figures stood at $1.21 billion.

The major countries Germany has been trading with for its aluminium scrap export are Austria, Belgium, Bulgaria, China, Denmark, Finland, France, Greece, Hong Kong, Hungary, India, Italy, etc.