Price for Copper; Refined, Unwrought, Wire-Bars in Portugal - 2023

Price for Copper; Refined, Unwrought, Wire-Bars in Portugal (CIF) - 2022

The average copper; refined, unwrought, wire-bars import price stood at $13,522 per ton in 2022, growing by 8.3% against the previous year. In general, the import price, however, continues to indicate a sharp downturn. The growth pace was the most rapid in 2016 when the average import price increased by 88% against the previous year. The import price peaked at $180,887 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($13,562 per ton), while the price for France amounted to $7,632 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.5%).

Imports of Copper; Refined, Unwrought, Wire-Bars in Portugal

In 2022, copper; refined, unwrought, wire-bars imports into Portugal skyrocketed to 684 kg, with an increase of 17% on the year before. Over the period under review, imports, however, faced a deep downturn.

In value terms, copper; refined, unwrought, wire-bars imports skyrocketed to $9.2K in 2022. The total import value increased at an average annual rate of +3.4% from 2020 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.