ASEAN: Market for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2025

Market Size for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in ASEAN

In 2021, after seven years of growth, there was significant decline in the ASEAN market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value decreased by -7.4% to $X. Overall, consumption, however, recorded a strong increase. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in ASEAN

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips dropped slightly to $X in 2021 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 46% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Exports in ASEAN

In 2021, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips was finally on the rise to reach X tons after three years of decline. Over the period under review, exports enjoyed a perceptible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021. The total export value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the two major exporters of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, namely Singapore and Thailand, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +53.9%).

In value terms, Singapore ($X) remains the largest unmounted tool inserts, sticks or plates supplier in ASEAN, comprising 88% of total exports. The second position in the ranking was held by Thailand ($X), with a 10% share of total exports.

In Singapore, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips expanded at an average annual rate of +4.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, dropping by -32% against the previous year. Export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -42.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 61%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Thailand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.5%).

Imports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Imports in ASEAN

In 2021, overseas purchases of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 31% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2021. In general, imports, however, saw a perceptible descent. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented roughly 61% of total imports in 2021. Singapore (X tons) took the next position in the ranking, followed by Malaysia (X tons) and Vietnam (X tons). All these countries together took approx. 38% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +17.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 80% share of total imports.

Vietnam, with a CAGR of +13.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, leveling off at the previous year. In general, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 9.3% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+11.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform