Latin America and the Caribbean: 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 Latin America and the Caribbean

In 2021, the Latin American market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -8.8% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.6% against 2015 indices. Over the period under review, the market attained the maximum level 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 Latin America and the Caribbean

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips fell to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 67%. Over the period under review, production of attained the maximum level at $X in 2020, and then contracted in the following year.

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

Exports in Latin America and the Caribbean

After two years of decline, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 243% to X tons in 2021. Over the period under review, exports, however, showed a perceptible decrease. 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 soared to $X in 2021. In general, exports, however, showed a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico dominates tips structure, finishing at X tons, which was approx. 96% of total exports in 2021. Brazil (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports, with a CAGR of -3.4% from 2012 to 2021. Brazil (-23.5%) illustrated a downward trend over the same period. Mexico (+11 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -10.9% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest unmounted tool inserts, sticks or plates supplier in Latin America and the Caribbean, comprising 89% of total exports. The second position in the ranking was held by Brazil ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Mexico totaled -4.3%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, falling by -60.8% against the previous year. Over the period under review, the export price saw a pronounced reduction. The growth pace was the most rapid in 2016 an increase of 77%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per ton), while Mexico totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-0.9%).

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

Imports in Latin America and the Caribbean

In 2021, overseas purchases of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 41% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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 surged to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the main importer of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near 53% of total imports in 2021. It was distantly followed by Brazil (X tons), constituting a 32% share of total imports. The following importers - Chile (X tons), Colombia (X tons), Argentina (X tons) and Peru (X tons) - together made up 10% of total imports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in Latin America and the Caribbean, comprising 60% of total imports. The second position in the ranking was taken by Brazil ($X), with a 28% share of total imports. It was followed by Argentina, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico totaled +3.7%. In the other countries, the average annual rates were as follows: Brazil (-1.9% per year) and Argentina (+0.1% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -3.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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