Mexico: 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 Mexico

In 2021, after six years of growth, there was significant decline in the Mexican market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value decreased by -15% to $X. Over the period under review, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips reduced to $X in 2021 estimated in export price. Overall, production, however, posted strong growth. The growth pace was the most rapid in 2019 when the production volume increased by 32%. Over the period under review, production of hit record highs at $X in 2020, and then fell in the following year.

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

Exports from Mexico

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 for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable downturn. Over the period under review, the exports of attained the peak figure 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 soared to $X in 2021. Overall, exports, however, continue to indicate a noticeable reduction. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Mexico, with a 96% share of total exports. It was followed by China (X tons), with a 1.8% share of total exports. Germany (X tons) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.8% per year) and Germany (-24.1% per year).

In value terms, the United States ($X) remains the key foreign market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports from Mexico, comprising 91% of total exports. The second position in the ranking was taken by Germany ($X), with a 2.5% share of total exports. It was followed by China, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.0% per year) and China (+3.7% 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, with a decrease of -63.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 110% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($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 (+12.0%), 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 Mexico

After two years of decline, overseas purchases of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 35% to X tons in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Mexico, together accounting for 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) appeared to be the largest unmounted tool inserts, sticks or plates suppliers to Mexico, with a combined 56% share of total imports. Israel, Sweden, South Korea, China and Austria lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, South Korea, with a CAGR of +11.9%, recorded the highest growth rate of 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

The average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2021, which is down by -8.2% against the previous year. In general, the import price, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2013 an increase of 31%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Israel ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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