Price for Copper Tube or Pipe Fitting in Portugal - 2023

Contents:

1. Price for Copper Tube or Pipe Fitting in Portugal (CIF) - 2023
2. Price for Copper Tube or Pipe Fitting in Portugal (FOB) - 2022
3. Imports of Copper Tube or Pipe Fitting in Portugal
4. Exports of Copper Tube or Pipe Fitting in Portugal

Price for Copper Tube or Pipe Fitting in Portugal (CIF) - 2023

In June 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $20,779 per ton, growing by 4.1% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 67% against the previous month. Over the period under review, average import prices hit record highs at $26,843 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($26,676 per ton), while the price for Japan ($6,391 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper Tube or Pipe Fitting in Portugal (FOB) - 2022

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $22,676 per ton, with an increase of 29% against the previous year. Over the period under review, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($70,333 per ton), while the average price for exports to Mozambique ($3,502 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 Mexico (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tube or Pipe Fitting in Portugal

For the fourth year in a row, Portugal recorded growth in supplies from abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, which increased by 36% to 264 tons in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, copper tube or pipe fitting imports soared to $4.8M in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Copper Tube or Pipe Fitting to Portugal in 2022:

1. United Kingdom (undefined tons)
2. Spain (97.8 tons)
3. Germany (62.3 tons)
4. Turkey (60.6 tons)
5. Belgium (30.7 tons)
6. Netherlands (4.7 tons)
7. Italy (2.2 tons)

Exports of Copper Tube or Pipe Fitting in Portugal

In 2022, after three years of growth, there was significant decline in shipments abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -26.8% to 16 tons. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 116%.

In value terms, copper tube or pipe fitting exports declined to $359K in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.5% 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 +79.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $381K, and then fell in the following year.

Top Export Markets for Copper Tube or Pipe Fitting from Portugal in 2022:

1. Mozambique (3.9 tons)
2. Angola (3.4 tons)
3. France (2.7 tons)
4. Cabo Verde (2.1 tons)
5. Germany (1.1 tons)
6. Slovakia (0.9 tons)
7. United Kingdom (0.6 tons)

Source: IndexBox Market Intelligence Platform