Colombia: 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 Colombia

In 2021, the Colombian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Colombia

In 2021, after two years of decline, there was significant growth in shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume increased by 2,823% to X tons. Overall, exports continue to indicate a significant expansion. 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 soared to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Colombia, with a 98% share of total exports. It was followed by Canada (X kg), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama stood at +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-12.3% per year) and Ecuador (-29.4% per year).

In value terms, Panama ($X) emerged as the key foreign market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports from Colombia, comprising 96% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-18.8% per year) and Canada (+13.9% 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, falling by -29.1% against the previous year. In general, the export price recorded a perceptible curtailment. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Panama ($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 Canada (+29.9%), 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 Colombia

In 2021, purchases abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 150% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2021. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Austria (X tons) and China (X tons) were the main suppliers of imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Colombia, with a combined 45% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +87.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Colombia were the United States ($X), Germany ($X) and Austria ($X), together comprising 56% of total imports.

Austria, with a CAGR of +86.1%, recorded the highest growth rate of the value of imports, among the main suppliers 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, reducing by -10.5% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 20%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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