Portugal: 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 Portugal

After nine years of growth, the Portuguese market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -88.4% to $X in 2021. In general, consumption showed a abrupt slump. Consumption of peaked at $X in 2020, and then fell markedly in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

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

Exports from Portugal

In 2021, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips was finally on the rise to reach X tons after two years of decline. In general, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2021. Overall, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 52%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Austria (X tons) and Spain (X tons) were the main destinations of exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Portugal, together comprising 37% of total exports. The United States, China, Italy, Poland, Russia, Turkey, France, India, the UK and the United Arab Emirates lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +60.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Italy ($X) were the largest markets for unmounted tool inserts, sticks or plates exported from Portugal worldwide, with a combined 38% share of total exports. These countries were followed by Austria, the United States, Poland, China, Turkey, Russia, India, France, the United Arab Emirates and the UK, which together accounted for a further 40%.

The United Arab Emirates, with a CAGR of +74.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, increasing by 9.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($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 Italy (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Portugal

After two years of decline, purchases abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 72% to X tons in 2021. Over the period under review, imports showed a measured expansion. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 39% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Portugal, with a 47% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Luxembourg (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.2% per year) and Luxembourg (+11.3% per year).

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Portugal were Germany ($X), Spain ($X) and Belgium ($X), together accounting for 77% of total imports. These countries were followed by Luxembourg, France, China and Italy, which together accounted for a further 8.8%.

France, with a CAGR of +32.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, falling by -25% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 24%. As a result, import price reached the peak level of $X per ton, and then contracted notably in the following year.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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