SADC: 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 SADC

The SADC market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips totaled $X in 2021, with an increase of 7.1% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.5% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X in 2021 estimated in export price. In general, production saw a resilient increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 106% against the previous year. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

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

Exports in SADC

In 2021, the amount of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exported in SADC dropped to X tons, which is down by -13.4% compared with the previous year. In general, exports showed a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 18% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 28% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports, with a CAGR of -10.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest unmounted tool inserts, sticks or plates supplier in SADC.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at -11.1%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, increasing by 43% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -0.7% per year.

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

Imports in SADC

In 2021, the amount of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips imported in SADC dropped sharply to X tons, declining by -20.1% compared with 2020 figures. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 25%. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2021. Overall, imports continue to indicate a perceptible decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons) represented roughly 94% of total imports in 2021.

South Africa was also the fastest-growing in terms of the unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips imports, with a CAGR of -6.6% from 2012 to 2021. From 2012 to 2021, the share of South Africa increased by +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in SADC.

In South Africa, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips plunged by an average annual rate of -2.5% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, picking up by 50% against the previous year. Import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +4.3% per year.

Source: IndexBox Platform