Price for Copper; Powders and Flakes in Portugal - 2023

Price for Copper; Powders and Flakes in Portugal (CIF) - 2023

In July 2023, the average copper; powders and flakes import price amounted to $18,907 per ton, rising by 104% against the previous month. Over the period under review, the import price, however, showed a slight descent. The growth pace was the most rapid in November 2022 when the average import price increased by 751% month-to-month. The import price peaked at $53,510 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($143K per ton), while the price for Italy ($6,147 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 Spain (+1.2%), while the prices for the other major suppliers experienced a decline.

Price for Copper; Powders and Flakes in Portugal (FOB) - 2022

The average copper; powders and flakes export price stood at $36,835 per ton in 2022, approximately equating the previous year. Over the period under review, the export price showed a moderate increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 87%. As a result, the export price attained the peak level of $46,545 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +87.4% per year.

Imports of Copper; Powders and Flakes in Portugal

In 2022, approx. 13 tons of copper; powders and flakeses were imported into Portugal; picking up by 17% compared with the year before. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, copper; powders and flakes imports dropped modestly to $322K in 2022. Overall, imports, however, recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of 36%.

Import of Copper; Powders and Flakes in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	274	170	200	230	-5.7%
United Kingdom	0.4	0.8	28.5	32.9	334.9%
Italy	8.5	6.0	16.2	20.3	33.7%
Belgium	11.7	10.9	14.8	14.3	6.9%
Spain	16.4	18.9	28.0	12.2	-9.4%
Germany	16.2	19.6	14.0	7.8	-21.6%
Austria	7.7	9.1	13.0	4.5	-16.4%
Others	N/A	1.4	7.7	0.1	-73.3%
Total	335	237	323	322	-1.3%

Top Suppliers of Copper; Powders and Flakes to Portugal in 2022:

France (8.2 tons)
United Kingdom (1.5 tons)
Belgium (0.8 tons)
Italy (0.6 tons)
Austria (0.6 tons)
Spain (0.4 tons)
Germany (0.3 tons)

Exports of Copper; Powders and Flakes in Portugal

In 2022, approx. 909 kg of copper; powders and flakeses were exported from Portugal; increasing by 419% on 2021 figures. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; powders and flakes exports soared to $33K in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.