Israel: 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 Israel

In 2021, the Israeli market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -15.5% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, recorded resilient growth. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

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

Exports from Israel

In 2021, after four years of decline, there was significant growth in overseas shipments of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume increased by 13% to X tons. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 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 skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), the United States (X tons) and Japan (X tons) were the main destinations of exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Israel, together accounting for 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +59.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), the United States ($X) and Japan ($X) constituted the largest markets for unmounted tool inserts, sticks or plates exported from Israel worldwide, together comprising 66% of total exports.

Belgium, with a CAGR of +68.8%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, surging by 11% 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 +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, export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by +67.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 35%. The export price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were France ($X per ton) and India ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.5%), 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 Israel

In 2021, after three years of decline, there was significant growth in overseas purchases of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume increased by 25% to X tons. Overall, imports, however, showed a mild setback. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Israel, accounting for a 53% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Mexico (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+51.0% per year) and Mexico (+3.1% per year).

In value terms, the United States ($X) constituted the largest supplier of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Israel, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+55.9% per year) and Mexico (+6.5% per year).

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, growing by 7.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Switzerland ($X per ton) and Luxembourg ($X per ton), while the price for Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :