Qatar: 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 Qatar

The Qatari market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips fell rapidly to $X in 2021, dropping by -43.1% 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). Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

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

Exports from Qatar

In 2017, overseas shipments of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by 0% to X kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 697%. As a result, the exports reached the peak of X tons. From 2016 to 2017, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X in 2017. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 2,889%. As a result, the exports attained the peak of $X. From 2016 to 2017, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Qatar, accounting for a approx. 100% share of total exports.

From 2014 to 2017, the average annual growth rate of volume to Germany was relatively modest.

From 2014 to 2017, the average annual growth rate of value to Germany was relatively modest.

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 2017, standing approx. at the previous year. Over the period under review, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 275%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2017, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2014 to 2017, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

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

Imports into Qatar

Imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips into Qatar declined remarkably to X tons in 2021, dropping by -49.1% compared with 2020. Overall, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 398% against the previous year. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips dropped to $X in 2021. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 145%. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest unmounted tool inserts, sticks or plates supplier to Qatar, with a 36% 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, Turkey (X tons), twofold. The third position in this ranking was taken by India (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+85.7% per year) and India (+108.0% per year).

In value terms, Germany ($X) constituted the largest supplier of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Qatar, comprising 39% of total imports. The second position in the ranking was held by Sweden ($X), with a 17% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+10.0% per year) and India (+41.3% per year).

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, jumping by 72% against the previous year. Over the period under review, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 233% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+48.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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