Asia-Pacific: 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 Asia-Pacific

In 2021, the Asia-Pacific market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -14.7% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, continues to indicate prominent growth. The level of consumption peaked at $X in 2020, and then contracted in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips fell to $X in 2021 estimated in export price. Overall, production, however, showed a strong increase. The growth pace was the most rapid in 2019 when the production volume increased by 23% 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 Asia-Pacific

After two years of decline, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 34% to X tons in 2021. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 surged to $X in 2021. The total export value increased at an average annual rate of +3.7% 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

In 2021, China (X tons) represented the major exporter of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, creating 58% of total exports. Japan (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (8.6%) and Singapore (5%). The following exporters - Thailand (X tons), Taiwan (Chinese) (X tons) and India (X tons) - each reached a 9.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to unmounted tool inserts, sticks or plates exports from China stood at +10.8%. At the same time, Thailand (+53.9%), Taiwan (Chinese) (+10.2%), Japan (+2.7%) and India (+1.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +53.9% from 2012-2021. By contrast, South Korea (-2.6%) and Singapore (-2.8%) illustrated a downward trend over the same period. China (+20 p.p.) and Thailand (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Singapore and South Korea saw its share reduced by -5.1%, -5.5% and -9.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 79% of total exports. These countries were followed by Singapore, India, Taiwan (Chinese) and Thailand, which together accounted for a further 19%.

In terms of the main exporting countries, Thailand, with a CAGR of +44.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, flattening at the previous year. In general, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2013 when the export price increased by 5.2% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat 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 ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in purchases abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume increased by 29% to X tons. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons), distantly followed by Taiwan (Chinese) (X tons), China (X tons), Thailand (X tons), Japan (X tons), South Korea (X tons) and Indonesia (X tons) were the major importers of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, together making up 88% of total imports. Singapore (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, together comprising 48% of total imports. South Korea, Taiwan (Chinese), Thailand, Singapore and Indonesia lagged somewhat behind, together accounting for a further 42%.

In terms of the main importing countries, Indonesia, with a CAGR of +10.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 4.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 9% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: 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 more modest paces of growth.

Source: IndexBox Platform

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