Price for Copper Alloy Tube or Pipe Fitting in Portugal - 2023

Price for Copper Alloy Tube or Pipe Fitting in Portugal (CIF) - 2023

In December 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $13,873 per ton, rising by 13% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 28% m-o-m. As a result, import price reached the peak level of $19,607 per ton. From March 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($30,659 per ton), while the price for Spain ($11,128 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Alloy Tube or Pipe Fitting in Portugal (FOB) - 2023

The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $11,881 per ton in December 2023, with a decrease of -30.1% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 76% against the previous month. As a result, the export price attained the peak level of $16,994 per ton, and then shrank dramatically in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was India ($23,091 per ton), while the average price for exports to Italy ($5,506 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Copper Alloy Tube or Pipe Fitting in Portugal

In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Portugal dropped significantly to 2.9K tons, shrinking by -19.7% compared with the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 56%. As a result, imports attained the peak of 3.6K tons, and then reduced sharply in the following year.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded modestly to $40M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Copper Alloy Tube or Pipe Fitting in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	11.4	12.2	16.9	17.8	16.0%
China	5.5	3.8	7.7	6.3	4.6%
Italy	3.8	4.9	6.3	5.7	14.5%
Germany	5.0	3.2	3.5	3.4	-12.1%
Turkey	0.7	1.0	1.6	2.8	58.7%
Hong Kong SAR	N/A	N/A	1.0	1.6	60.0%
France	0.6	1.0	1.2	1.4	32.6%
Others	0.7	0.9	1.2	1.2	19.7%
Total	27.8	27.1	39.5	40.1	13.0%

Top Suppliers of Copper Alloy Tube or Pipe Fitting to Portugal in 2022:

Spain (1197.3 tons)
Italy (712.6 tons)
China (471.8 tons)
Germany (211.6 tons)
Turkey (168.7 tons)
Hong Kong SAR (65.2 tons)
France (49.4 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Portugal

In 2022, approx. 387 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were exported from Portugal; increasing by 12% on 2021 figures. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded rapidly to $4.9M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Copper Alloy Tube or Pipe Fitting in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	782	600	974	1,211	15.7%
Spain	1,307	1,139	1,539	1,155	-4.0%
France	303	284	741	889	43.2%
Angola	522	411	254	431	-6.2%
Italy	24.7	4.4	54.9	364	145.2%
India	N/A	50.9	345	311	147.2%
Mozambique	149	46.6	38.9	92.7	-14.6%
Others	305	157	655	416	10.9%
Total	3,392	2,692	4,604	4,870	12.8%