India: 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 India

In 2021, after two years of growth, there was significant decline in the Indian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value decreased by -7.9% to $X. In general, consumption, however, recorded a buoyant increase. Consumption of peaked at $X in 2020, and then fell in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips dropped to $X in 2021 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 99%. Production of peaked at $X in 2020, and then dropped in the following year.

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

Exports from India

In 2021, overseas shipments of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips were finally on the rise to reach X tons after three years of decline. Over the period under review, exports continue to indicate a modest increase. The pace of growth appeared the most rapid in 2015 with an increase of 49%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, 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 Netherlands (X tons), Belgium (X tons) and Singapore (X tons) were the main destinations of exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from India, together comprising 68% of total exports. The United States, Germany and the UK lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +14.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unmounted tool inserts, sticks or plates exported from India were the Netherlands ($X), Belgium ($X) and Singapore ($X), with a combined 77% share of total exports. The United States, Germany and the UK lagged somewhat behind, together comprising a further 12%.

Germany, with a CAGR of +12.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other 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, rising by 48% against the previous year. Over the period under review, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57% against the previous year. The export price peaked 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 Belgium ($X per ton), while the average price for exports to the UK ($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 Germany (+13.4%), 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 India

In 2021, supplies from abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2021, imports 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. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest unmounted tool inserts, sticks or plates supplier to India, with a 58% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.7% per year) and Germany (-4.9% per year).

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest unmounted tool inserts, sticks or plates suppliers to India, together comprising 62% of total imports. Germany, Sweden and the United States lagged somewhat behind, together accounting for a further 24%.

Sweden, with a CAGR of +17.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other 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, rising by 25% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +10.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by +66.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 52%. The import price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for China ($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 (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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