Price for Copper; Washers, (Including Spring Washers), Not Threaded in Portugal - 2023

Contents:

1. Price for Copper; Washers, (Including Spring Washers), Not Threaded in Portugal (CIF) - 2022
2. Price for Copper; Washers, (Including Spring Washers), Not Threaded in Portugal (FOB) - 2022
3. Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Portugal
4. Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Portugal

Price for Copper; Washers, (Including Spring Washers), Not Threaded in Portugal (CIF) - 2022

The average import price for copper; washers, (including spring washers), not threadeds stood at $18,479 per ton in 2022, which is down by -26.3% against the previous year. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 35%. Over the period under review, average import prices hit record highs at $31,768 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($27,816 per ton), while the price for Italy ($7,204 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.6%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Washers, (Including Spring Washers), Not Threaded in Portugal (FOB) - 2022

In 2022, the average export price for copper; washers, (including spring washers), not threadeds amounted to $23,373 per ton, with an increase of 31% against the previous year. Over the period under review, the export price recorded buoyant growth. The growth pace was the most rapid in 2017 when the average export price increased by 113% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($60,891 per ton), while the average price for exports to Mozambique ($7,206 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 Brazil (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Portugal

In 2022, approx. 26 tons of copper; washers, (including spring washers), not threadeds were imported into Portugal; jumping by 104% against the previous year's figure. In general, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of copper; washers, (including spring washers), not threadeds surged to $486K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +93.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to Portugal in 2022:

1. Germany (7.9 tons)
2. Spain (7.0 tons)
3. France (2.5 tons)
4. Italy (1.8 tons)
5. China (1.6 tons)
6. Romania (1.4 tons)
7. Slovakia (1.2 tons)
8. Netherlands (0.5 tons)

Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Portugal

After three years of growth, overseas shipments of copper; washers, (including spring washers), not threadeds decreased by -21% to 6.2 tons in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 +35.0% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 52%. As a result, the exports attained the peak of 7.8 tons, and then declined significantly in the following year.

In value terms, exports of copper; washers, (including spring washers), not threadeds rose to $145K in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 70%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from Portugal in 2022:

1. Germany (5.0 tons)
2. Angola (0.5 tons)
3. Spain (0.3 tons)
4. Brazil (0.1 tons)
5. Cabo Verde (0.1 tons)

Source: IndexBox Market Intelligence Platform