Bangladesh: 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 Bangladesh

In 2021, after two years of decline, there was significant growth in the Bangladeshi market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value increased by 29% to $X. In general, consumption showed a significant expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

Exports from Bangladesh

In 2021, approx. X kg of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips were exported from Bangladesh; reducing by -31% compared with the previous year's figure. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. Over the period under review, the exports of hit record highs at X kg in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips contracted dramatically to $X in 2021. In general, exports continue to indicate a precipitous setback. The smallest decline of -12.6% was in 2014. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X kg) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Bangladesh, with a 62% share of total exports. Moreover, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Mexico exceeded the volume sent to the second major destination, Italy (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Mexico stood at -26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the Netherlands (0.0% per year).

In value terms, the largest markets for unmounted tool inserts, sticks or plates exported from Bangladesh were Mexico ($X), Italy ($X) and the Netherlands ($X).

In terms of the main countries of destination, Mexico, with a CAGR of +48.9%, 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

The average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2021, falling by -1.8% against the previous year. Overall, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2019 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Mexico (-15.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Bangladesh

After two years of decline, supplies from abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 40% to X tons in 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 179%. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 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 rose sharply to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 154%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Bangladesh, with a 56% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+46.5% per year) and the UK (+61.1% per year).

In value terms, China ($X) constituted the largest supplier of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Bangladesh, comprising 49% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+38.9% per year) and the UK (+68.2% per year).

Import Prices by Country

The average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2021, falling by -19.2% against the previous year. Over the period under review, the import price recorded a abrupt setback. The growth pace was the most rapid in 2015 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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