Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal - 2023
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal (CIF) - 2023
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal (FOB) - 2023
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal (CIF) - 2023
The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $13,140 per ton in November 2023, shrinking by -20.3% against the previous month. In general, the import price showed a mild shrinkage. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 25% month-to-month. As a result, import price reached the peak level of $19,696 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($34,330 per ton), while the price for Italy ($8,560 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal (FOB) - 2023
The average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $17,086 per ton in November 2023, jumping by 74% against the previous month. In general, the export price recorded a temperate increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Germany ($27,496 per ton), while the average price for exports to France ($9,120 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal
In 2022, approx. 3.3K tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were imported into Portugal; which is down by -14.4% against the previous year. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of 3.8K tons, and then declined in the following year.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s rose modestly to $45M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 12.6 | 13.2 | 18.5 | 19.4 | 15.5% |
| China | 5.6 | 3.9 | 7.8 | 6.4 | 4.6% |
| Italy | 3.9 | 5.0 | 6.4 | 5.7 | 13.5% |
| Germany | 5.6 | 3.7 | 4.1 | 4.4 | -7.7% |
| Turkey | 1.0 | 1.3 | 2.0 | 3.7 | 54.7% |
| Hong Kong SAR | N/A | N/A | 1.0 | 1.6 | 60.0% |
| France | 0.6 | 1.0 | 1.2 | 1.4 | 32.6% |
| Others | 0.9 | 1.3 | 2.0 | 2.2 | 34.7% |
| Total | 30.3 | 29.3 | 43.0 | 44.8 | 13.9% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Portugal in 2022:
- Spain (1296.0 tons)
- Italy (714.8 tons)
- China (472.9 tons)
- Germany (360.5 tons)
- Turkey (229.3 tons)
- Hong Kong SAR (64.8 tons)
- France (51.1 tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal
In 2022, approx. 404 tons of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Portugal; growing by 12% on the previous year's figure. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $5.2M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +74.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 811 | 609 | 1,011 | 1,261 | 15.9% |
| Spain | 1,326 | 1,150 | 1,551 | 1,161 | -4.3% |
| France | 334 | 355 | 801 | 992 | 43.7% |
| Angola | 570 | 461 | 335 | 477 | -5.8% |
| Italy | 32.6 | 37.8 | 80.0 | 365 | 123.7% |
| India | N/A | 50.9 | 345 | 311 | 147.2% |
| Cabo Verde | 54.8 | 55.1 | 96.8 | 119 | 29.5% |
| Mozambique | 156 | 61.7 | 48.9 | 107 | -11.8% |
| Others | 307 | 183 | 717 | 375 | 6.9% |
| Total | 3,592 | 2,965 | 4,985 | 5,166 | 12.9% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Portugal in 2022:
- France (108.7 tons)
- Spain (87.6 tons)
- Germany (79.3 tons)
- Angola (34.3 tons)
- India (23.3 tons)
- Italy (23.1 tons)
- Mozambique (15.7 tons)
- Cabo Verde (10.2 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Portugal.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
