Price for Refined Copper Tube and Pipe in Portugal - 2023
Contents:
- Price for Refined Copper Tube and Pipe in Portugal (CIF) - 2023
- Price for Refined Copper Tube and Pipe in Portugal (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Portugal
- Exports of Refined Copper Tube and Pipe in Portugal
Price for Refined Copper Tube and Pipe in Portugal (CIF) - 2023
In July 2023, the average import price for tubes and pipes of refined copper amounted to $10,354 per ton, growing by 18% against the previous month. In general, import price indicated a noticeable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, refined copper tube and pipe import price increased by +55.4% against April 2023 indices. The growth pace was the most rapid in May 2023 when the average import price increased by 36% against the previous month. Over the period under review, average import prices reached the maximum in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($13,845 per ton), while the price for Spain ($7,798 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined Copper Tube and Pipe in Portugal (FOB) - 2022
The average export price for tubes and pipes of refined copper stood at $13,114 per ton in 2022, growing by 50% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($20,578 per ton), while the average price for exports to Mozambique ($5,927 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 Cabo Verde (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined Copper Tube and Pipe in Portugal
In 2022, overseas purchases of tubes and pipes of refined copper decreased by -0.3% to 7.9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of 8K tons, leveling off in the following year.
In value terms, refined copper tube and pipe imports shrank slightly to $59M in 2022. The total import value increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $59M, leveling off in the following year.
| Import of Refined Copper Tube and Pipe in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.1 | 13.6 | 17.3 | 21.2 | 24.1% |
| Italy | 15.4 | 17.1 | 22.9 | 18.5 | 6.3% |
| Austria | 6.2 | 7.6 | 8.6 | 9.6 | 15.7% |
| Spain | 7.8 | 6.0 | 6.2 | 5.7 | -9.9% |
| Greece | N/A | 0.2 | 1.2 | 1.7 | 191.5% |
| Others | 2.9 | 1.8 | 2.8 | 2.3 | -7.4% |
| Total | 43.4 | 46.3 | 59.1 | 59.0 | 10.8% |
Top Suppliers of Refined Copper Tube and Pipe to Portugal in 2022:
- Austria (2.9K tons)
- Germany (2.4K tons)
- Italy (1.5K tons)
- Spain (0.7K tons)
- Greece (0.2K tons)
Exports of Refined Copper Tube and Pipe in Portugal
In 2022, exports of tubes and pipes of refined copper from Portugal rose remarkably to 148 tons, with an increase of 11% compared with the year before. In general, exports, however, showed a dramatic decline.
In value terms, refined copper tube and pipe exports soared to $1.9M in 2022. Over the period under review, exports, however, faced a sharp downturn.
| Export of Refined Copper Tube and Pipe in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 435 | 796 | 412 | 927 | 28.7% |
| France | 4,133 | 43.4 | 54.2 | 335 | -56.7% |
| Cabo Verde | 115 | 141 | 229 | 255 | 30.4% |
| Mozambique | 45.3 | 93.5 | 285 | 190 | 61.3% |
| Spain | 39.0 | 34.1 | 30.9 | 65.1 | 18.6% |
| Italy | 3,097 | N/A | 1.1 | 4.2 | -88.9% |
| Hungary | 590 | N/A | N/A | N/A | 0% |
| United States | 3,563 | 0.7 | N/A | N/A | -100.0% |
| Others | 598 | 182 | 154 | 165 | -34.9% |
| Total | 12,616 | 1,292 | 1,166 | 1,942 | -46.4% |
Top Export Markets for Refined Copper Tube and Pipe from Portugal in 2022:
- Angola (68.8 tons)
- Mozambique (32.0 tons)
- France (20.5 tons)
- Cabo Verde (12.4 tons)
- Spain (6.7 tons)
- Italy (0.4 tons)
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