Austria: Market for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2024

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

For the third consecutive year, the Austrian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips recorded growth in sales value, which increased by 16% to $X in 2021. Over the period under review, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the immediate term.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips shrank remarkably to $X in 2021 estimated in export price. In general, production showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 100% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

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

Exports from Austria

In 2021, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Austria soared to X tons, growing by 32% against the previous year's figure. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 73% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 46%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Austria, accounting for a 34% share of total exports. Moreover, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.2% per year) and China (+28.3% per year).

In value terms, Germany ($X) remains the key foreign market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports from Austria, comprising 38% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by China, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+30.8% per year) and China (+35.4% per year).

Export Prices by Country

The average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2021, with an increase of 7.8% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2019 an increase of 72%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Colombia ($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 Taiwan (Chinese) (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Austria

In 2021, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips into Austria skyrocketed to X tons, picking up by 44% compared with 2020 figures. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 104% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2021. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) was the main unmounted tool inserts, sticks or plates supplier to Austria, accounting for a 90% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Germany exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+8.9% per year) and Italy (-5.9% per year).

In value terms, Germany ($X) constituted the largest supplier of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Austria, comprising 73% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total imports. It was followed by Luxembourg, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.5% per year) and Luxembourg (+13.4% per year).

Import Prices by Country

In 2021, the average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2019 an increase of 26% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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