Price for Copper Oxides and Hydroxides in Portugal - 2023

Contents:

1. Price for Copper Oxides and Hydroxides in Portugal (CIF) - 2023
2. Price for Copper Oxides and Hydroxides in Portugal (FOB) - 2022
3. Imports of Copper Oxides and Hydroxides in Portugal
4. Exports of Copper Oxides and Hydroxides in Portugal

Price for Copper Oxides and Hydroxides in Portugal (CIF) - 2023

The average copper oxides and hydroxides import price stood at $9,346 per ton in July 2023, remaining relatively unchanged against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 19% m-o-m. Over the period under review, average import prices attained the peak figure at $10,103 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Spain ($9,682 per ton) and the United States ($9,518 per ton), while the price for Italy ($8,643 per ton) and Norway ($9,268 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Oxides and Hydroxides in Portugal (FOB) - 2022

In 2022, the average copper oxides and hydroxides export price amounted to $9,786 per ton, picking up by 55% against the previous year. In general, export price indicated a measured increase from 2013 to 2022: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper oxides and hydroxides export price increased by +18.2% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($11,188 per ton), while the average price for exports to Angola ($6,481 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.9%).

Imports of Copper Oxides and Hydroxides in Portugal

In 2022, supplies from abroad of copper oxides and hydroxideses decreased by -20.9% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 when imports increased by 10% against the previous year. As a result, imports attained the peak of 1.4K tons, and then fell remarkably in the following year.

In value terms, copper oxides and hydroxides imports declined to $10M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +30.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. As a result, imports attained the peak of $12M, and then contracted in the following year.

Top Suppliers of Copper Oxides and Hydroxides to Portugal in 2022:

1. Norway (550.0 tons)
2. United States (260.0 tons)
3. Peru (220.0 tons)
4. Netherlands (42.7 tons)
5. Spain (35.5 tons)

Exports of Copper Oxides and Hydroxides in Portugal

In 2022, the amount of copper oxides and hydroxideses exported from Portugal skyrocketed to 33 tons, jumping by 2,865% compared with 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper oxides and hydroxides exports soared to $324K in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper Oxides and Hydroxides from Portugal in 2022:

1. United Arab Emirates (16.0 tons)
2. Poland (11.5 tons)
3. Croatia (3.0 tons)
4. Netherlands (2.0 tons)

Source: IndexBox Market Intelligence Platform