Thursday, May 5 2022 18:51
Alina Hovhannisyan

In Q1 2022 more than 8 thousand tons of aluminum foil were produced  in Armenia

In Q1 2022 more than 8 thousand tons of aluminum foil were produced  in Armenia

ArmInfo.In Q1 2022 8.299.1 thousand tons of aluminum foil were produced in Armenia, which is 4.1% lower than the indicator of a year ago (against a 2.6% decrease  a year earlier).

At the same time, as evidenced by the data of the RA Statistical  Committee, the volume of aluminum foil production in March alone  increased by 11%, amounting to 2.910.4 thousand tons.

It should be noted that according to the results of 2021, 33.481  thousand tons of aluminum foil were produced in Armenia. Thus, for  the fourth time, in terms of production of aluminum foil, the Armenal  plant exceeds the 30 thousandth mark (in 2017 - 33.724 thousand tons,  in 2019 - 30.547 thousand tons, in 2020 - 35.482 thousand tons, ed.  note).

According to the RA Customs Service, in 2021 Armenia exported 33.9  thousand tons of aluminum foil, which is 3.5% lower than a year ago  However, the customs value in y-o-y terms, due to the growth of  exchange prices for aluminum, increased by 25% to $118.3 million. The  lion's share of exported foil fell on the German market (32.3%), the  remaining volume was distributed between Poland (12.5%), the  Netherlands (10.9%), the USA (10.5%), Italy (10.5% ), France (6.1%),  Spain (5.3%), the United Kingdom (2.8%), and very small shares fell  on Austria, Hungary, the Czech Republic, and the Russian Federation.  At the same time, according to customs data, in the reporting year,  it was possible to diversify the export markets of aluminum foil,  inculding in Canada (with a share of 2.9%), Israel (1.6%), Slovenia  (1.1%), Denmark (0.6 %), Portugal (0.3%), Ireland (0.2%), Mexico  (0.1%), and also India, Sweden, Romania.