EU: 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 the EU

The EU market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips rose to $X in 2021, with an increase of 4.9% against the previous year. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.6% against 2016 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips shrank to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +37.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 58%. As a result, production reached the peak level of $X, and then declined in the following year.

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

Exports in the EU

Exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to X tons in 2021, growing by 48% compared with 2020. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.5% against 2019 indices. As a result, the exports reached 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, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the Netherlands (X tons) was the largest exporter of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, making up 58% of total exports. It was distantly followed by Germany (X tons), Sweden (X tons) and Austria (X tons), together committing a 29% share of total exports. Belgium (X tons), Italy (X tons) and the Czech Republic (X tons) took a minor share of total exports.

The Netherlands was also the fastest-growing in terms of the unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports, with a CAGR of +23.3% from 2012 to 2021. Germany (-1.2%), Sweden (-1.3%), Belgium (-4.1%), Italy (-4.8%), Austria (-5.5%) and the Czech Republic (-6.1%) illustrated a downward trend over the same period. While the share of the Netherlands (+45 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-3 p.p.), Belgium (-4.4 p.p.), Italy (-4.8 p.p.), Sweden (-4.9 p.p.), Austria (-8.3 p.p.) and Germany (-11.1 p.p.) displayed negative dynamics.

In value terms, the largest unmounted tool inserts, sticks or plates supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for 75% of total exports.

The Netherlands, with a CAGR of +2.2%, 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 more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, falling by -14.7% against the previous year. Overall, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by 7.5% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 Belgium ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.6%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2021, approx. X tons of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips were imported in the European Union; increasing by 60% on the previous year. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.0% against 2019 indices. As a result, imports attained 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 skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) was the key importer of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, generating 41% of total imports. Germany (X tons) ranks second in terms of the total imports with a 13% share, followed by Austria (7.9%), Italy (7.1%), Belgium (5.6%) and France (4.7%). Luxembourg (X tons), Poland (X tons), Romania (X tons) and Spain (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to unmounted tool inserts, sticks or plates imports into the Netherlands stood at +13.9%. At the same time, Luxembourg (+16.6%), Austria (+15.7%), Romania (+6.0%), France (+5.2%) and Italy (+1.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in the European Union, with a CAGR of +16.6% from 2012-2021. Poland experienced a relatively flat trend pattern. By contrast, Germany (-2.6%), Belgium (-4.3%) and Spain (-4.5%) illustrated a downward trend over the same period. While the share of the Netherlands (+22 p.p.), Austria (+4.7 p.p.) and Luxembourg (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Italy (-2.2 p.p.), Spain (-3.2 p.p.), Belgium (-6.8 p.p.) and Germany (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unmounted tool inserts, sticks or plates importing markets in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 60% share of total imports. These countries were followed by Italy, Austria, France, Poland, Spain, Romania and Luxembourg, which together accounted for a further 29%.

In terms of the main importing countries, Austria, with a CAGR of +10.3%, 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 import price in the European Union stood at $X per ton in 2021, with a decrease of -19.5% against the previous year. Overall, the import price recorded a perceptible decline. The pace of growth appeared the most rapid in 2013 an increase of 8.8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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