Portugal: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Portugal

In 2021, after two years of decline, there was significant growth in the Portuguese market for copper bars, wire and plates, when its value increased by 33% to $X. In general, consumption, however, saw a slight setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Copper Bars, Wire And Plates in Portugal

In value terms, copper bars, wire and plates production fell to $X in 2021 estimated in export price. Overall, production saw a abrupt contraction. The growth pace was the most rapid in 2020 when the production volume increased by 35% against the previous year. Copper bars, wire and plates production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Portugal

In 2021, the amount of copper bars, wire and plates exported from Portugal skyrocketed to X tons, increasing by 83% against 2020. Over the period under review, exports, however, saw a perceptible setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Overall, exports, however, saw a noticeable descent. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for copper bars, wire and plates exports from Portugal, accounting for a 70% share of total exports. Moreover, copper bars, wire and plates exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-13.2% per year) and the Netherlands (+94.7% per year).

In value terms, Germany ($X) remains the key foreign market for copper bars, wire and plates exports from Portugal, comprising 67% of total exports. The second position in the ranking was held by Spain ($X), with a 14% share of total exports. It was followed by Angola, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-11.4% per year) and Angola (-14.5% per year).

Export Prices by Country

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, with an increase of 25% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Portugal

In 2021, supplies from abroad of copper bars, wire and plates was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a slight contraction. The growth pace was the most rapid in 2013 with an increase of 16%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest copper bars, wire and plates supplier to Portugal, with a 62% share of total imports. Moreover, copper bars, wire and plates imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.3% per year) and Germany (-1.9% per year).

In value terms, Spain ($X) constituted the largest supplier of copper bars, wire and plates to Portugal, comprising 65% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Germany, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.4% per year) and Germany (-2.8% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, increasing by 46% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates import price increased by +35.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Spain ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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