Kenya: 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 Kenya

In 2021, after three years of growth, there was significant decline in the Kenyan market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value decreased by -58.8% to $X. Over the period under review, consumption showed a slight slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

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

Exports from Kenya

In 2021, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -80.8% to X kg, falling for the second year in a row after four years of growth. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 863% against the previous year. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips plummeted to $X in 2021. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 677% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Kenya, with a 60% share of total exports. Moreover, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Rwanda (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-28.7% per year) and Burundi (-34.1% per year).

In value terms, the largest markets for unmounted tool inserts, sticks or plates exported from Kenya were Burundi ($X), Democratic Republic of the Congo ($X) and Rwanda ($X), together comprising 10% of total exports.

Among the main countries of destination, Burundi, with a CAGR of +124.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

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, picking up by 31% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Burundi ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Burundi (+271.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Kenya

In 2021, after three years of growth, there was significant decline in supplies from abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume decreased by -73.6% to X tons. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 145%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips dropped dramatically to $X in 2021. Overall, imports, however, recorded a temperate increase. The pace of growth was the most pronounced in 2013 with an increase of 113% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

India (X kg), China (X kg) and Hong Kong SAR (X kg) were the main suppliers of imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Kenya, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +9.9%), while imports for the other leaders experienced a decline.

In value terms, India ($X) constituted the largest supplier of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Kenya, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 4.9% share of total imports. It was followed by Italy, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.7% per year) and Italy (-11.1% per year).

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, surging by 195% against the previous year. Overall, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue 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 Italy ($X per ton), while the price for Hong Kong SAR ($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 (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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