Peru: 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 Peru

In 2021, the Peruvian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -42% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs 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 Peru

In 2021, after two years of growth, there was significant decline in overseas shipments of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume decreased by -77.2% to X kg. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 929% against the previous year. As a result, the exports attained the peak of X kg. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips reduced remarkably to $X in 2021. Over the period under review, exports faced a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 594% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X kg), Colombia (X kg) and Mexico (X kg) were the main destinations of exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Peru, with a combined 94% share of total exports. Israel, Chile and the United States lagged somewhat behind, together accounting for a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Israel ($X) emerged as the key foreign market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports from Peru, comprising 63% of total exports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total exports. It was followed by Ecuador, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-11.7% per year) and Ecuador (-44.0% 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 an increase of 192% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Israel ($X per ton), while the average price for exports to Ecuador ($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 Zambia (-5.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Peru

In 2021, supplies from abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -47.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 117% against the previous year. Over the period under review, imports of hit record highs 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 dropped remarkably to $X in 2021. In general, imports saw a pronounced descent. The pace of growth was the most pronounced in 2018 when imports increased by 59% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Peru, together accounting for 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest unmounted tool inserts, sticks or plates suppliers to Peru, together comprising 67% of total imports. South Korea and Russia lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, South Korea, with a CAGR of +3.7%, saw 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

In 2021, the average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, with an increase of 16% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 South Korea (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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