Thursday, October 10 2019 12:58
Alina Hovhannisyan

Aluminum foil production declines in Armenia

Aluminum foil production declines in Armenia

ArmInfo.In Armenia, the output of aluminum foil in January- August 2019 compared to the same period in 2018 decreased by 3% - up to 20 635 tons, against a 2.5%  decline a year earlier. According to the RA Statcommittee, the  production of aluminum foil in August amounted to 2,500 tons, with a  monthly decline of 10.6%.

Note that in 2018, the output of aluminum foil decreased by 14.5% per  annum (against a 14.4% growth in 2017), amounting to 28 359 tons.

According to the Customs Service of the Republic of Armenia, 16.8  thousand tons of aluminum foil were exported from Armenia in the  first half of 2019 with an annual growth of 0.8% (compared to last  year's 4.4% growth). At the same time, in monetary terms, foil export  experienced a decline of 9.1% per annum to $ 49.8 million. Mostly  foil was exported to the USA (33.1%) and Germany (25.5%), as well as  to the Netherlands (11.4% ), Poland (9.5%), France (7%), Italy  (5.8%), Austria (3.4%), Denmark (1.5%), Great Britain (1.2%), Czech  Republic ( 0.7%), Spain (0.4%), and even less to Hungary, Georgia,  Russia and Bulgaria.

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