Eastern Europe: 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 Eastern Europe

The East European market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips reduced to $X in 2021, with a decrease of -11% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips reduced to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 40%. As a result, production attained the peak level of $X, and then dropped in the following year.

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

Exports in Eastern Europe

In 2021, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 44% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a pronounced slump. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern 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.

Exports by Country

The shipments of the three major exporters of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, namely the Czech Republic, Russia and Poland, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +17.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest unmounted tool inserts, sticks or plates supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Russia ($X), together comprising 93% of total exports.

Poland, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, growing by 8.3% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -8.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 31% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.6%), while the other leaders experienced a decline in the export price figures.

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

Imports in Eastern Europe

In 2021, supplies from abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 32% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2018; afterwards, it flattened through to 2021.

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 +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) represented the largest importer of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, generating 34% of total imports. Poland (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Romania (17%), the Czech Republic (7.7%), Slovakia (6.5%), Belarus (5.3%) and Hungary (5.2%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia (with a CAGR of +8.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. Slovakia, Hungary, Romania and Belarus lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, Romania, with a CAGR of +5.2%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Eastern Europe amounted to $X per ton, with a decrease of -6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 when the import price increased by 20% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :