Armenia"s metals market has witnessed a significant shift in its economic landscape, marked by a notable decrease in the share of ores and metals exports from 39. 65% in 2021 to 21. 86% in 2022. This drastic change reflects a substantial shift in global demand dynamics and domestic production capacities, emphasizing a critical area for strategic realignment for industry players. Despite the reduced export percentages, the industry presents untapped opportunities, particularly in the diversification of metal exports. As global demand for sustainable and rare metals increases, Armenia could leverage its rich deposits of Aluminum, Copper, and Gold to fill supply chain gaps in international markets. Comparing its exports to countries with similar economic dependencies on metal resources, Armenia"s focus on value-added production and sectoral diversification could yield competitive advantages. Challenges persist, however.
The decline in ores and metals imports as a percentage of total merchandise imports—from 2. 34% in 2021 to 2. 10% in 2022—suggests potential supply chain disruptions. Addressing these bottlenecks could involve fostering stronger ties with neighboring countries and enhancing local processing capabilities to reduce dependency on imports. To aid businesses in navigating these challenges, Aritral. com offers an AI-driven B2B platform that simplifies international trade in commodities and raw materials. With services like Product Listing, Direct Communication, and AI-Powered Marketing, Aritral. com empowers organizations to streamline their operations and enhance market visibility. By managing profiles effectively and accessing global sales assistance, Armenian metal suppliers can optimize their reach and improve their market share in a dynamic global arena.
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Shiny Star 4 months ago
Armenia Shipwreck waste and metal waste