Hungary: 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 Hungary

The Hungarian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption continues to indicate a mild descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

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

Exports from Hungary

In 2021, overseas shipments of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -41.7% to X tons, falling for the third year in a row after two years of growth. In general, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by 37% against the previous year. The exports peaked at X tons in 2012; however, from 2013 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 dropped notably to $X in 2021. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Germany (X tons) and Serbia (X kg) were the main destinations of exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Hungary, with a combined 73% share of total exports. These countries were followed by Poland, Turkey, Croatia, Finland, Austria and Slovakia, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports from Hungary, comprising 42% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Turkey, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-26.9% per year) and Turkey (-2.8% 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, growing by 2.7% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.0% 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 increased by +53.7% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 31%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Croatia ($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 Serbia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Hungary

Imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips into Hungary shrank to X tons in 2021, which is down by -6.6% on the previous year. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 81%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

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, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest unmounted tool inserts, sticks or plates supplier to Hungary, accounting for a 62% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+3.2% per year) and Belgium (+1.4% per year).

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Hungary were Germany ($X), Belgium ($X) and the Netherlands ($X), with a combined 89% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +3.4%, 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 average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, rising by 35% against the previous year. In general, the import price posted prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 52% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Slovakia ($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 Netherlands (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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