Thursday, May 5 2022 19:02

ArmInfo. The metallurgy industry of Armenia reduced production by 17% in Q1 2022 instead of growing by 4.1% a year earlier. This is evidenced by the data of the RA  Statistical Committee.

In particular, the production of ferromolybdenum in Q1 2022 compared  to the same period last year increased by 23.3% (against an 18.4%  decline a year earlier), amounting to 2.099 thousand tons.

Aluminum foil production in Q1 2022 compared to the same period last  year,  decreased by 4.1% - to 8.299.1 thousand tons, against a 2.6%  decline a year earlier. At the same time, the volume of production of  aluminum foil in March increased by 11% to 2,910.4 thousand tons.

Production of steel pipes in Q1 2022 compared to the same period in  2021, decreased by 26.7% - to 2,700.6 thousand tons (against an  increase of 44.9% a year earlier), and in March alone, an increase of  almost 10- fold to 10.8 thousand tons was recorded.

The production of copper concentrate decreased by 20% per annum - to  76.2 thousand tons, against a growth of 6% a year earlier. On a  monthly terms, the production of copper concentrate decreased by 14%  to 22.3 thousand tons.

The production of zinc concentrate in Q1 2022 decreased by 1.7% per  annum - to 2.686 thousand tons, against a 16.5% decline a year  earlier. In March, the production of zinc concentrate decreased by 3%  to 838 tons.

The production volumes of molybdenum concentrate also decreased - by  0.9% per annum to 4,863.2 tons (against the growth of 2.6% a year  earlier). In March alone, the production of molybdenum concentrate  decreased by 11% to 1,396.2 tons.

During the reporting period, 2.099 thousand tons castings from  unalloyed (carbon) steel were produced with a y-o-y growth of 23.3%,  against a decline of 23.2% a year earlier. At the same time, in  March, production volumes almost halved, amounting to 638.2 tons.

It should be noted that according to the RA Customs Service, in 2021,  Armenia reduced the volume of exports of copper ore by 15.7% - to  429.5 thousand tons (against a decline in 2020 by 9.3%). However, in  value terms, copper ore exports increased by 27.3% to $769.2 million.  Copper ore was exported to China (39%), Switzerland (33.8%), Bulgaria  (27.2%), and the United Kingdom, Netherlands, Romania, Georgia,  Canada, Austria. A decline was also recorded in the export of zinc  concentrate by 11% - to 11.9 thousand tons, against an increase of  10.9% in 2020. And the customs value increased by 25.3% - up to $16.1  million. Moreover, the whole volume, like a year earlier, fell on  Belgium. Exports of molybdenum concentrate decreased by 37.4% in the  reporting year (against a multiple growth in 2020), amounting to 10.2  thousand tons, with an increase in customs value by 17.9% to $122.3  million. Exports mainly fell on China (81.8%), Switzerland (8.1%),  Republic of Korea (4.9%), Belgium (4.5%), Russia (0.6%), as well as  the Netherlands, the United Kingdom, Austria.