Report Update Nov 1, 2024

Portugal - Refined Copper (Unwrought, not Alloyed) - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Refined Copper Market 2024

Refined Copper Market Size in Portugal

In 2022, the Portuguese refined copper market increased by 29% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a deep slump. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Refined Copper Exports

Exports from Portugal

Refined copper exports from Portugal shrank markedly to X tons in 2022, reducing by -88.1% against 2021. Over the period under review, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2019 with an increase of 12,347% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined copper exports shrank sharply to $X in 2022. Overall, exports faced a dramatic contraction. The growth pace was the most rapid in 2019 with an increase of 11,499% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) and Morocco (X kg) were the main destinations of refined copper exports from Portugal.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +0.5%).

In value terms, the Netherlands ($X) and Morocco ($X) appeared to be the largest markets for refined copper exported from Portugal worldwide.

The Netherlands, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average refined copper export price stood at $X per ton in 2022, with an increase of 23% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 93% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+56.3%), while the prices for the other major destinations experienced a decline.

Refined Copper Imports

Imports into Portugal

In 2022, after four years of decline, there was significant growth in purchases abroad of refined copper (unwrought, not alloyed), when their volume increased by 22% to X tons. Over the period under review, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 80% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, refined copper imports surged to $X in 2022. Overall, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 46%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest refined copper supplier to Portugal, with a 60% share of total imports. Moreover, refined copper imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-30.3% per year) and Belgium (+189.9% per year).

In value terms, Germany ($X) constituted the largest supplier of refined copper (unwrought, not alloyed) to Portugal, comprising 59% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-28.2% per year) and Belgium (+223.1% per year).

Import Prices by Country

The average refined copper import price stood at $X per ton in 2022, increasing by 4.3% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper import price increased by +61.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Italy ($X per ton), while the price for France ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined copper (unwrought, not alloyed) in the world?

China constituted the country with the largest volume of refined copper consumption, comprising approx. 23% of total volume. Moreover, refined copper consumption in China exceeded the figures recorded by the second-largest consumer, Russia, fivefold. The United States ranked third in terms of total consumption with a 4% share.

What are the largest producers of refined copper (unwrought, not alloyed) in the world?

The countries with the highest volumes of in 2021 were China, Chile and Russia, with a combined 24% share of global production. Japan, Pakistan, Nigeria, Indonesia, Democratic Republic of the Congo, Australia, Mexico, India, Canada and Kazakhstan lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of refined copper (unwrought, not alloyed) to Portugal?

In value terms, Germany constituted the largest supplier of refined copper to Portugal, comprising 61% of total imports. The second position in the ranking was occupied by Spain, with a 27% share of total imports.

What are the leading importers of refined copper (unwrought, not alloyed) from Portugal?

In value terms, Spain remains the key foreign market for refined copper exports from Portugal, comprising 72% of total exports. The second position in the ranking was occupied by Morocco, with a 26% share of total exports.

What is the average export price for refined copper (unwrought, not alloyed) in Portugal?

In 2021, the average refined copper export price amounted to $7,513 per ton, growing by 14% against the previous year.

What is the average import price for refined copper (unwrought, not alloyed) in Portugal?

The average refined copper import price stood at $9,400 per ton in 2021, increasing by 53% against the previous year.

This report provides an in-depth analysis of the refined copper market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023