Overview of the Global Market for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Market Size for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

In 2021, the global market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -9.9% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.8% against 2013 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 32% against the previous year. 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 2021, global exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to X tons, growing by 37% against the previous year. The total export volume increased at an average annual rate of +3.2% 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.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2021. In general, exports showed a relatively flat trend pattern. Over the period under review, the global exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) and the Netherlands (X tons) represented roughly 51% of total exports in 2021. It was distantly followed by Japan (X tons) and Germany (X tons), together making up a 15% share of total exports. The following exporters - the United States (X tons), Israel (X tons), South Korea (X tons), Sweden (X tons), Singapore (X tons), Austria (X tons), Thailand (X tons), Taiwan (Chinese) (X tons) and Belgium (X tons) - together made up 24% of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +53.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest unmounted tool inserts, sticks or plates supplying countries worldwide were Germany ($X), the Netherlands ($X) and Japan ($X), together comprising 41% of global exports. Israel, Belgium, China, Sweden, the United States, South Korea, Singapore, Austria, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 51%.

In terms of the main exporting countries, Thailand, with a CAGR of +44.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

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, shrinking by -7% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 4.5% against the previous year. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, the amount of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips imported worldwide surged to X tons, rising by 42% on the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. Overall, imports saw a relatively flat trend pattern. Over the period under review, global imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by the United States (X tons), Canada (X tons), India (X tons) and Germany (X tons) represented the largest importers of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, together creating 50% of total imports. The following importers - Austria (X tons), Taiwan (Chinese) (X tons), Italy (X tons), Russia (X tons), Belgium (X tons), China (X tons), France (X tons) and Luxembourg (X tons) - together made up 24% of total imports.

Imports into the Netherlands increased at an average annual rate of +13.9% from 2012 to 2021. At the same time, Luxembourg (+16.6%), Austria (+15.7%), Taiwan (Chinese) (+8.7%), Canada (+8.4%), Russia (+8.2%), China (+7.0%), France (+5.2%), the United States (+2.3%) and Italy (+1.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in the world, with a CAGR of +16.6% from 2012-2021. By contrast, India (-1.7%), Germany (-2.6%) and Belgium (-4.3%) illustrated a downward trend over the same period. The Netherlands (+12 p.p.), Canada (+2.9 p.p.) and Austria (+2.5 p.p.) significantly strengthened its position in terms of the global imports, while Belgium, India and Germany saw its share reduced by -2.4%, -3.3% and -3.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together comprising 37% of global imports. Belgium, Italy, China, India, Austria, France, Russia, Taiwan (Chinese), Canada and Luxembourg lagged somewhat behind, together accounting for a further 30%.

Austria, with a CAGR of +10.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, declining by -9% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 4.5% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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