Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal - 2023

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal (CIF) - 2023
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal (CIF) - 2023

In December 2023, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $9,508 per ton, with a decrease of -2.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 32% against the previous month. As a result, import price reached the peak level of $10,279 per ton. From April 2023 to December 2023, the average import prices remained at a somewhat 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 Spain ($18,690 per ton), while the price for Germany ($9,105 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 Spain (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $954 per ton in 2022, reducing by -55.9% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. The export price peaked at $7,563 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($1,497 per ton), while the average price for exports to Germany ($846 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-17.8%), while the prices for the other major destinations experienced a decline.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal

Imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses into Portugal rose modestly to 4.4K tons in 2022, increasing by 4.5% on 2021. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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 +48.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses totaled $33M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Portugal in 2022:

1. Germany (3999.0 tons)
2. Netherlands (259.1 tons)
3. Italy (87.2 tons)
4. Spain (58.9 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Portugal

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses exported from Portugal skyrocketed to 16 tons, rising by 211% compared with the previous year's figure. In general, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 1,137% against the previous year. As a result, the exports attained the peak of 17 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses skyrocketed to $15K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 610%. As a result, the exports attained the peak of $51K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Portugal in 2022:

1. Germany (13.3 tons)
2. Spain (1.6 tons)
3. France (0.7 tons)

Source: IndexBox Market Intelligence Platform