Azerbaijan’s export of non-alloyed aluminium ingot reflects strong rise during 2017-19: Estimated de-growth by 7.52% in 2020

The non-alloyed aluminium ingot export of Azerbaijan has been reflecting with a very strong rise during 2017-19, as the total export volume stands at 68,848 tonnes and revenue earning posted was $135.30 million. The estimated export volume for 2020 has been analysed at 20,876 tonnes and the revenue earning to remain at $32.50 million. When the analysed export volume and earning gets summed up with the previous three years it displays 98,248 tonnes and $167.80 million.

Azerbaijan’s export of non-alloyed aluminium ingot in 2017 remained at 16,179 tonnes and expenditure stood at $33.55 million, whereas in 2018 the country’s non-alloyed aluminium saw growth by 29.03%, as the export jumped to 20,876 tonnes and the foreign revenue earnings also rose to $47.30 million.

In 2019 the export of the nation again revealed a positive trend with growth of 52.29%, as the export volume surged to 31,793 tonnes and the revenue earning spotted at $54.45 million. The estimated export volume for 2020 however analysed dip by 7.52%, as the export volume is expected to remain only at 29,400 tonnes and earning might stretch to $32.50 million.

The major countries importing Azerbaijan’s export of non-alloyed aluminium ingot are Greece, Turkey, Canada, UK, Italy, etc.

 

source https://www.alcircle.com/news/azerbaijans-export-of-non-alloyed-aluminium-ingot-reflects-strong-rise-during-2017-19-estimated-de-growth-by-7-52-in-2020-57275