German Scrap Aluminum Exports Have Seen Significant Growth This Year

- Nov 06, 2018-

The German automotive industry produces a large amount of aluminum scrap. Germany exports about 1 million tons of waste every year and it is growing every year. According to global import and export data, Germany exported 1.05 million tons of scrap aluminum in 2016, and further increased by about 2% to 1.07 million tons in the following year. This year is no exception, and will grow by 8.4% to 1.16 million tons. The main waste suppliers in Germany are WMR Recycling, Harita Metals Co, ScholzAlu Stockach GmbH and TSR Recycling GmbH & Co. KG.

Germany has also imported a large amount of aluminum scrap for its domestic industry. But this year's estimate is down 1% to 782,516 tons, compared to 787,844 tons in 2017. However, compared with 770,129 tons in 2016, Germany's aluminum scrap import growth rate in 2018 is about 1.6%, which also shows that Germany's aluminum scrap imports increased by about 2.30% over the same period last year. German exports are also expected to increase due to increased aluminum scrap exports, from $1.325 billion in 2017 to $2.537 billion in 2018. This means that there may be substantial growth in the country this year. According to the data, the export revenue of aluminum scrap is about 91.47%. But despite the increase in sales, 2017 revenue was lower than the previous year. In 2016, German aluminum scrap export revenue was 1.372 billion US dollars, an increase of 3.54% over 2017.

Similarly, due to the decline in imports compared to 2017, Germany's aluminum import costs may be lower this year, at $914 million, down 20% from the previous $1.15 billion in 2017. Although the increase in imports is estimated to start in 2016, the country’s import costs are expected to remain below the US$939 million in 2016.