Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal - 2023

Contents:

  1. Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal (CIF) - 2023
  2. Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal (FOB) - 2022
  3. Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal
  4. Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal

Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal (CIF) - 2023

In December 2023, the average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) amounted to $9,831 per ton, declining by -38.6% against the previous month. In general, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 33% month-to-month. The import price peaked at $17,508 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($16,151 per ton), while the price for Austria amounted to $8,838 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+3.2%).

Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal (FOB) - 2022

The average export price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $30,000 per ton in 2022, jumping by 30% against the previous year. Over the period under review, the export price recorded strong growth. The growth pace was the most rapid in 2020 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $30,620 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($202,636 per ton), while the average price for exports to Cabo Verde ($13,571 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 Mozambique (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal

In 2022, the amount of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) imported into Portugal expanded sharply to 302 tons, increasing by 8.7% on the year before. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 10%.

In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) skyrocketed to $4M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value 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 +67.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria2.32.12.43.818.2%
China0.80.30.40.2-37.0%
Others0.40.10.3N/A-13.4%
Total3.42.43.14.05.6%

Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to Portugal in 2022:

  1. Austria (290.7 tons)
  2. China (9.6 tons)

Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal

In 2022, after two years of decline, there was significant growth in overseas shipments of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver), when their volume increased by 14,600% to 147 kg. Overall, exports, however, recorded a significant decrease.

In value terms, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) skyrocketed to $4.4K in 2022. Over the period under review, exports, however, showed a precipitous shrinkage.

Export of Cupro-Nickel and Nickel Silver Tubes and Pipes in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MozambiqueN/AN/AN/A2.20%
Germany158N/AN/A2.0-76.7%
France726N/AN/A0.1-94.8%
Cabo VerdeN/A7.5N/A0.1-88.5%
Spain220N/AN/AN/A0%
United States1,95721.1N/AN/A-98.9%
South Africa282N/AN/AN/A0%
Italy1,716N/AN/AN/A0%
Others115N/AN/AN/A0%
Total5,17528.6N/A4.4-90.5%

Top Export Markets for Cupro-Nickel and Nickel Silver Tubes and Pipes from Portugal in 2022:

  1. Germany (124.0 kg)
  2. Mozambique (11.0 kg)
  3. Cabo Verde (7.0 kg)
  4. France (5.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Copper; tubes and pipes, of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) - Portugal