Key Highlights:
As we know, aluminium scrap is a significant resource for many manufacturing businesses. It is a prominent metal that scrap metal collectors will appreciate. The recycling economy depends heavily on aluminium scrap, which is essential to lowering the environmental impact of producing aluminium. Its processing and importation are vital for numerous industries, like construction and the automobile.
As per aluminium scrap import data for 2024, aluminum scrap imports in April 2024 totalled 135,816 metric tons, a slight increase over the previous month's 128,861 metric tons. Nevertheless, this amount was fewer than the 141,894 metric tons of imports in April 2023. In this in-depth blog, we will explore the alimuinium scrap importers list, provide updated insights on scrap imports, and provide aluminium scrap HSN codes.
Indeed, aluminium makes great scrap metal. In fact, the recycling industry considers it to be one of the most precious and sought-after materials.
Aluminium is used increasingly in life and industry because of its many uses. While it is true that there are only so many resources available for bauxite, demand for its exploitation and use is growing daily. As a result, recycling leftover aluminium becomes problematic.
However, both aluminium and steel can be recycled repeatedly without losing their quality, and an increasing number of people are recycling their cans, which contributes to the preservation of non-renewable fossil fuels, lower energy consumption, and a decrease in the release of gases into the environment, such as carbon dioxide.
With over 60% of the world market, the Asia Pacific area is the biggest producer and consumer of aluminium. Also, major manufacturers of aluminium are also found in North America and Europe. The worldwide market for aluminium is expected to reach USD 255.91 billion by 2029, valued at USD 159.32 billion in 2021, according to aluminium trade data.
There is a strong and growing market for scrap aluminium. It is mainly motivated by:
Now, let’s find out Aluminium Scrap Import Data for 2023-24
Did you know? The largest importer of aluminium scrap in the world is India. Here at Eximpedia, you can explore accurate, real-time aluminium scrap importers data accessible for the full fiscal year 2023–2024,
As per aluminium scrap import data for 2024, India's imports of aluminium scrap surpassed by 5% in April 2024, with the country continuing its rising trend. It came after a noteworthy 18% increase in March. However, import volumes slightly decreased by 4% as compared to the same period last year.
However, it reached 135,816 metric tonnes, a slight rise over the previous month's 128,861 metric tonnes, according to 2024 aluminium import data. However, this amount was lower than the imports of 141,894 metric tonnes in April 2023.
According to aluminum scrap importers data, India is the world's top importer of aluminium scrap, with a remarkable 506,864 shipments in 2023. 3,453 Indian importers are served by a global network of 14,928 suppliers who provide these goods.
In the first half of 2023, China imported 738,000 metric tonnes of aluminium scrap, a 10.5% rise from the previous year. During 2023's first half,
Approximately 506.9 thousand metric tonnes of aluminium scrap were imported by India as of October 31, 2023, with 3,453 importers buying from 14,928 suppliers.
If you are new to importing aluminum, it is necessary to comprehend the accurate shipping data and the most recent aluminium scrap importer data. To learn more about HS codes, including those that are accurate and dependable, visit our all-inclusive Eximpedia dashboard.
Now, it's time to locate top aluminium scrap importers globally!
The United States, Saudi Arabia, and the United Arab Emirates are India's major suppliers, reaffirming their position as the top destinations for aluminium scrap exports, according to statistics from aluminium scrap exporters.
However, up to date aluminium import data is necessary to thoroughly understand the market for aluminium or the leading importers of scrap. Eximpedia lets you locate essential information such as top aluminium scrap importers list, and the HS code for aluminium scrap.
Let’s explore top aluminium scrap HSN code!
| HSN Code | Description |
| 7602 | Aluminium waste and scrap, whether or not shredded or powdered |
| 760200 | HS Codes Of aluminium waste and scrap |
| 76020090 | Other waste and scrap |
So, these are the updated HS codes for aluminium scrap. However, if you need more precise HSN codes depending on the kind of aluminium scrap you have or your nation, please visit Eximpedia.app and explore the aluminium scrap importers list, aluminium scrap import data, and much more.
The government has been encouraged to eliminate the import duty on aluminum scrap by the Recycling Industry Association, MRAI, ahead of budget because it will support industry sustainability.
In contrast to the 14 tonnes of CO2 released per tonne of aluminium produced through the traditional smelter route, which depends on coal-based power capacities, recycling aluminium scrap produces only 0.3 million metric tons (MT) of CO2 per tonne of aluminium, according to MRAI. The 2.5% import tariff on aluminium scrap is a major barrier for the Indian aluminium recycling industry.
There are multiple sources for obtaining. Access the real-time product database and precise and current aluminium scrap statistics by visiting Eximpedia.app.
We also offer an aluminium scrap HS code list and a directory of aluminium scrap importers. We also have a unique database that includes more than 100 countries worldwide.
Imports of aluminium scrap are vital to the global aluminium industry and have a significant role in economic growth and sustainability. Even though 2024 has brought new possibilities and difficulties, the industry is still strong. Also, traders can set themselves up for success by knowing the updated aluminium scrap import data, trade laws, and market trends.
However, if you have any questions about top aluminium scrap importers, you may contact Eximpedia.app and obtain global market reports without any hustle and bustle.
Q1. Which Country Does India Import Aluminium From?
Based on aluminium scrap importers data, China, the United States, and Germany are India's top three importers of aluminium, making it the world's second-largest importer overall.
Q2. What Was the Volume of Aluminium Scrap Imported by India in April 2024?
As per aluminium scrap import data, aluminium scrap imports in April 2024 totalled 135,816 metric tons, a slight increase over the previous month's 128,861 metric tons. Nevertheless, this amount was fewer than the 141,894 metric tons of imports in April 2023.
Q3. Who Are the Top Aluminium Scrap Importing Countries in the World?
According to aluminium scrap importers statistics, the top importing countries are: China, India, United States and Japan.
Q4. What are the HS codes for Aluminium Scrap?
The top Alumunium scrap HS code is 7602. However, if you are looking for updated Product-wise HS Codes or insights, connect with our dashboard anytime.
Aluminium scrap importers: India
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