Slovakia: 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 Slovakia

After two years of decline, the Slovak market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 35% to $X in 2021. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

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

Exports from Slovakia

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 -84.1% to X tons. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 169% against the previous year. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips dropped rapidly to $X in 2021. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 39%. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X kg), Germany (X kg) and India (X kg) were the main destinations of exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Slovakia, with a combined 78% share of total exports. Mexico, Brazil, the United States, Turkey, Ukraine and the Czech Republic lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +75.3%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports from Slovakia, comprising 39% of total exports. The second position in the ranking was held by Mexico ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+17.9% per year) and the United States (-11.1% 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, picking up by 312% against the previous year. In general, the export price, however, recorded a slight decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 China (+19.0%), 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 Slovakia

Imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips into Slovakia dropped to X tons in 2021, with a decrease of -6.7% against 2020. Overall, imports recorded a slight decline. The pace of growth appeared the most rapid in 2014 when imports increased by 77% against the previous year. Imports peaked at X tons in 2016; however, from 2017 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. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Slovakia, with a 65% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+1.3% per year) and the Netherlands (+105.3% per year).

In value terms, Germany ($X) constituted the largest supplier of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Slovakia, comprising 48% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by Belgium, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+108.1% per year) and Belgium (+139.9% 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, rising by 55% against the previous year. Overall, the import price continues to indicate a noticeable expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Austria ($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 (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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