Saturday, December 3 2016 16:13
Alina Hovhannisyan

In Jan-Oct 2016 output of aluminum foil in Armenia declined by 3.7% y-o-y

In Jan-Oct 2016 output of aluminum foil in Armenia declined by 3.7%  y-o-y

ArmInfo. The aluminum foil  output in Armenia declined by 3.7% to 23845 tons in Jan-Oct 2016  compared to the same period of 015, while 2.1% growth was registered  a year ago.  According to the National Statistical Service of Armenia  in October alone output of aluminum foil declined by 22.9% to 1702  tons.

In Jan-Oct 2016, the rolled aluminum output made up 5.6 tons, 47.7%  less than in Jan- Oct 2015 versus 45.7% decline in the previous year.

To note in 2015 according to the statistical data output of aluminum  foil totaled 29.6 thousand tons with 1.4% y-o-y growth. According to  the data of Customs Service in 2015 Armenia reduced export of foil by  1.9% to 29.4 thousand tons (versus 10.9% growth in 2014) at the same  time increasing import of foil by 17.7% to 1.1 thousand tons (versus  11.3% growth in 2014). In monetary terms import of foil declined by  6.7% to $4.8 mln, which is mostly determined by drop of prices on  world markets by the end of 2015. The same situation was registered  in export, the profit from sales declined by 6.4% to $82.8 mln. The  foil was mainly exported to the USA-43%, Germany-22.6% and  Poland-15.6%, as well as to Netherlands, Italy, France, Russia,  Israel and Spain.


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