Copper Wire Price in Portugal - 2023

Contents:

1. Copper Wire Price in Portugal (CIF) - 2023
2. Copper Wire Price in Portugal (FOB) - 2023
3. Copper Wire Imports in Portugal
4. Copper Wire Exports in Portugal

Copper Wire Price in Portugal (CIF) - 2023

The average copper wire import price stood at $9,539 per ton in August 2023, therefore, remained relatively stable against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 6% m-o-m. The import price peaked at $10,001 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Germany ($10,888 per ton) and Belgium ($9,531 per ton), while the price for Italy ($9,206 per ton) and Spain ($9,490 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper Wire Price in Portugal (FOB) - 2023

The average copper wire export price stood at $10,408 per ton in August 2023, with an increase of 7.8% against the previous month. Over the period under review, export price indicated modest growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, copper wire export price increased by +7.8% against July 2023 indices. The pace of growth was the most pronounced in April 2023 when the average export price increased by 141% m-o-m. As a result, the export price reached the peak level of $15,283 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the Czech Republic ($28,980 per ton), while the average price for exports to Spain ($4,422 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.4%), while the prices for the other major destinations experienced a decline.

Copper Wire Imports in Portugal

In 2022, imports of copper wires into Portugal soared to 52K tons, jumping by 34% compared with the year before. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +42.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper wire imports soared to $515M in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 65%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Copper Wire to Portugal in 2022:

1. Spain (33.5K tons)
2. Belgium (8.9K tons)
3. Italy (7.2K tons)

Copper Wire Exports in Portugal

In 2022, exports of copper wires from Portugal reduced to 571 tons, falling by -8.9% against 2021 figures. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 9.1%.

In value terms, copper wire exports dropped notably to $4.8M in 2022. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year.

Top Export Markets for Copper Wire from Portugal in 2022:

1. Spain (454.3 tons)
2. Angola (35.9 tons)
3. Poland (31.0 tons)
4. France (25.2 tons)

Source: IndexBox Market Intelligence Platform