The significant rise of Italy’s aluminium scrap export during 2017-20

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is high. Some of the major sources of income in Italy include the production of machinery, chemicals, automobiles and textiles.

The Italian export of Aluminium scrap during 2017-19 has shown notable growth, as the total export volume stood at 301,268 tonnes and the revenue generation exhibited $313.76 million. The export for 2020 has been analysed for 131,482 tonnes and the income to rise at $143.51 million. When the projected export volume and income of 2020 get added with the preceding three years it reflects 432,750 tonnes and $457.27 million.

The country’s aluminium scrap export in 2017 was recorded at 58,975 tonnes and revenue generation stood at $54.43 million, whereas in 2018 the export saw a rise by 93.67%, as the export volume stood at 114,218 tonnes and revenue earning climbed to $123.37 million.

In 2019 Italy’s export also displayed growth by 12.13%, as the export volume remained at 128,075 tonnes and the revenue earnings recorded was $135.96. The estimated export for 2020 has been analysed with up-turn by 2.66%, as the export volume is expected to reach 131,482 tonnes and earning to stretch at $143.51 million.

The major importing nation for Italy’s export of aluminium scraps is Albania, Bangladesh, Austria, Czech Rep., Belgium, China, Egypt, France, Germany, Hong Kong, India, Japan, Morocco, etc.