Price for Copper; Refined and Copper Alloys, Unwrought in Portugal - 2023
Contents:
- Price for Copper; Refined and Copper Alloys, Unwrought in Portugal (CIF) - 2023
- Price for Copper; Refined and Copper Alloys, Unwrought in Portugal (FOB) - 2023
- Imports of Copper; Refined and Copper Alloys, Unwrought in Portugal
- Exports of Copper; Refined and Copper Alloys, Unwrought in Portugal
Price for Copper; Refined and Copper Alloys, Unwrought in Portugal (CIF) - 2023
The average import price for copper; refined and copper alloys, unwroughts stood at $9,303 per ton in December 2023, growing by 11% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Slovakia ($11,725 per ton), while the price for Italy ($5,905 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 Slovakia (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Refined and Copper Alloys, Unwrought in Portugal (FOB) - 2023
The average export price for copper; refined and copper alloys, unwroughts stood at $10,123 per ton in December 2023, picking up by 13% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 27% month-to-month. The export price peaked at $10,590 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($11,667 per ton), while the average price for exports to France ($6,625 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 Spain (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Refined and Copper Alloys, Unwrought in Portugal
In 2022, approx. 4.6K tons of copper; refined and copper alloys, unwroughts were imported into Portugal; falling by -2.6% against the year before. Over the period under review, imports saw a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 7.1% against the previous year.
In value terms, imports of copper; refined and copper alloys, unwroughts rose rapidly to $36M in 2022. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year.
| Import of Copper; Refined and Copper Alloys, Unwrought in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 17.8 | 11.0 | 15.6 | 15.5 | -4.5% |
| France | 29.2 | 8.0 | 11.4 | 12.5 | -24.6% |
| Germany | 4.9 | 3.6 | 5.5 | 6.2 | 8.2% |
| Belgium | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Others | 1.2 | 0.9 | 1.0 | 1.3 | 2.7% |
| Total | 53.1 | 23.5 | 33.5 | 36.2 | -12.0% |
Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Portugal in 2022:
- Spain (2023.8 tons)
- France (1695.0 tons)
- Germany (724.5 tons)
- Belgium (75.7 tons)
Exports of Copper; Refined and Copper Alloys, Unwrought in Portugal
Exports of copper; refined and copper alloys, unwroughts from Portugal skyrocketed to 3.3K tons in 2022, picking up by 17% against 2021. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 75% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of copper; refined and copper alloys, unwroughts skyrocketed to $33M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Copper; Refined and Copper Alloys, Unwrought in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.3 | 3.8 | 3.2 | 14.8 | 32.9% |
| Spain | 3.2 | 1.4 | 7.7 | 6.2 | 24.7% |
| Netherlands | N/A | N/A | N/A | 4.8 | 0% |
| Italy | N/A | N/A | N/A | 4.0 | 0% |
| France | 0.8 | 0.8 | 0.8 | 0.9 | 4.0% |
| Austria | 0.8 | 0.7 | 0.6 | 0.5 | -14.5% |
| Hungary | 1.6 | 1.2 | 2.4 | N/A | 22.5% |
| Others | 0.7 | 0.4 | 1.5 | 1.5 | 28.9% |
| Total | 13.4 | 8.3 | 16.2 | 32.8 | 34.8% |
Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Portugal in 2022:
- Germany (1385.7 tons)
- Spain (830.8 tons)
- Netherlands (416.6 tons)
- Italy (349.1 tons)
- France (85.3 tons)
- Austria (71.4 tons)
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