China: 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 China

In 2021, the Chinese market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -16.6% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2020, and then declined rapidly in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips reduced modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +12.7% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 32%. Production of peaked at $X in 2020, and then declined slightly in the following year.

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

Exports from China

After two years of decline, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 36% to X tons in 2021. Over the period under review, exports continue to indicate a strong increase. 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. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), India (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from China, together accounting for 39% of total exports. Germany, the United States, Finland, Japan, Russia, Malaysia, the Netherlands, Turkey, Thailand and South Africa lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +47.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Japan ($X) constituted the largest markets for unmounted tool inserts, sticks or plates exported from China worldwide, together comprising 38% of total exports. Germany, Taiwan (Chinese), India, Finland, Russia, the Netherlands, Turkey, South Africa, Thailand and Malaysia lagged somewhat behind, together comprising a further 43%.

South Africa, with a CAGR of +41.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs 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 external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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 Russia (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into China

In 2021, supplies from abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 26% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 83% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 31% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), Sweden (X tons) and South Korea (X tons) were the main suppliers of imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to China, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +50.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Germany ($X) constituted the largest unmounted tool inserts, sticks or plates suppliers to China, with a combined 74% share of total imports. These countries were followed by Sweden, Austria, Luxembourg, the UK and Taiwan (Chinese), which together accounted for a further 17%.

Among the main suppliers, Sweden, with a CAGR of +18.6%, saw 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 average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure 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 South Korea ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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