Monday, June 6 2022 17:06
Alina Hovhannisyan

For 4 months, volume of aluminum foil produced in Armenia exceeded 11  thousand tons

For 4 months, volume of aluminum foil produced in Armenia exceeded 11  thousand tons

ArmInfo. In January-April 2022, 11,017 thousand tons of aluminum foil were produced in Armenia. This is evidenced by the data of the RA Statistical Committee, according  to which the y-o-y dynamics lingered in the decline with a slowdown  from 3.7% to 2.1%.

According to statistical data, in April alone, the output of aluminum  foil amounted to 2.718 thousand tons, with a monthly decline of 7%.

It should be noted that 33,481 thousand tons of aluminum foil were  produced in Armenia in 2021. Thus, for the fourth time, the Armenal  plant exceeds the 30 thousandth milestone in terms of production of  aluminum foil (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, due to the growth of exchange prices for aluminum, the  customs value increased by 25% to $118.3 million in y-o-y terms. The  lion's share of exported foil fell on the German market (32.3%), the  remaining volume was distributed among 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,  also covering 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