Morocco: 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 Morocco

The Moroccan market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021, picking up by 134% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw noticeable growth. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

Exports from Morocco

In 2021, the amount of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exported from Morocco dropped notably to X kg, with a decrease of -28.3% against the year before. In general, exports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 688% against the previous year. Over the period under review, the exports of attained the maximum at X kg in 2017; however, from 2018 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 reduced to $X in 2021. Overall, exports, however, saw a moderate expansion. The pace of growth was the most pronounced in 2019 with an increase of 645% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Morocco, with a 46% share of total exports. Moreover, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to France exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-2.2% per year) and Congo (-92.6% per year).

In value terms, France ($X) emerged as the key foreign market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports from Morocco, comprising 42% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-14.8% per year) and Congo (-86.9% 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, surging by 28% against the previous year. Overall, the export price recorded a mild increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 137%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Congo ($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 Congo (+90.7%), 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 Morocco

In 2021, approx. X tons of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips were imported into Morocco; jumping by 197% against the previous year. In general, imports continue to indicate resilient growth. Imports peaked at X tons in 2019; however, from 2020 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. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.1% against 2019 indices. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Morocco, accounting for a 53% 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, France (X tons), fourfold. South Korea (X kg) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.6% per year) and South Korea (+57.2% per year).

In value terms, China ($X), France ($X) and South Korea ($X) appeared to be the largest unmounted tool inserts, sticks or plates suppliers to Morocco, with a combined 57% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +52.7%, 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, falling by -42.8% against the previous year. Over the period under review, the import price saw a noticeable contraction. The growth pace was the most rapid in 2020 an increase of 124%. As a result, import price attained the peak level of $X per ton, and then declined remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :