The Spanish export of aluminium containers during 2018-20 displays significant rise; 114% growth estimated for 2021
According to BBVA Research, the Spanish Economic Outlook for Q3 2021 stated that the country’s GDP growth is estimated with a revised up-rise up to 6.5% for 2021. Moving ahead, the stronger progress of global activity, accumulated excess savings, the end of health restrictions and accommodative monetary and fiscal policies will boost GDP up to 7.0% in 2022.
The South-western European nation, Spain exported 934 tonnes of aluminium containers during 2018-20 and the earnings accounted for the export was $6.08 million.
In 2018, the export of aluminium containers was recorded at 168 tonnes and the earnings counted was $1.28 million, whereas, in 2019, the export saw growth by 77.28%, as the export volume rose to $1.44 million.
Spain’s export of aluminium containers in 2020 was registered at 468 tonnes, an upswing of 57.04% and earnings soared to $3.36.
The Spanish export in 2021 is analysed with further growth of 113.88%, as the export volume is estimated to climb at 1001 tonnes, while the earnings stand at $2.50 million.
The major trading destinations for Spanish export of aluminium containers are Denmark, Germany, India, Italy, Mexico, Morocco, Portugal, Senegal, etc.
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