GCC: 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 GCC

For the third consecutive year, the GCC market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips recorded growth in sales value, which increased by 23% to $X in 2021. In general, consumption enjoyed a strong expansion. Over the period under review, the market attained the peak level 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 GCC

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips contracted sharply to $X in 2021 estimated in export price. Overall, production, however, enjoyed a prominent increase. The growth pace was the most rapid in 2019 when the production volume increased by 99.9%. Over the period under review, production of attained the peak level at $X in 2020, and then shrank markedly in the following year.

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

Exports in GCC

In 2021, overseas shipments of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 22% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 265%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips dropped slightly to $X in 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 151%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Bahrain (X tons) prevails in tips structure, together mixing up 95% of total exports. The following exporters - Kuwait (X kg) and Saudi Arabia (X kg) - each finished at a 5.3% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of +70.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest unmounted tool inserts, sticks or plates supplier in GCC, comprising 88% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.7% share of total exports. It was followed by Bahrain, with a 3.2% share.

In the United Arab Emirates, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips expanded at an average annual rate of +11.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+20.0% per year) and Bahrain (+26.9% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, with a decrease of -21.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 623%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Saudi Arabia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+8.5%), 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 GCC

In 2021, the amount of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips imported in GCC soared to X tons, with an increase of 53% compared with the previous year's figure. Overall, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 237%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) was the largest importer of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, making up 85% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing an 11% share of total imports. Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to unmounted tool inserts, sticks or plates imports into Saudi Arabia stood at +12.9%. At the same time, Qatar (+15.7%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +15.7% from 2012-2021. By contrast, the United Arab Emirates (-3.7%) illustrated a downward trend over the same period. Saudi Arabia (+24 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -22.8% from 2012 to 2021, respectively. 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 GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together comprising 94% of total imports.

In terms of the main importing countries, Qatar, with a CAGR of +23.0%, saw 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

The import price in GCC stood at $X per ton in 2021, reducing by -13.8% against the previous year. Overall, the import price saw a slight downturn. The growth pace was the most rapid in 2015 when the import price increased by 75%. The level of import peaked at $X per ton in 2013; however, from 2014 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 United Arab Emirates ($X per ton), while Saudi Arabia ($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 United Arab Emirates (+12.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform