Southern Asia: 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 Southern Asia

In 2021, after two years of growth, there was significant decline in the South Asian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value decreased by -10.5% to $X. Over the period under review, consumption, however, recorded a strong increase. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips dropped notably to $X in 2021 estimated in export price. In general, production, however, saw prominent growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 97% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then reduced sharply in the following year.

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

Exports in Southern Asia

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 for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2015 with an increase of 49% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 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. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) represented roughly 99.9% of total exports in 2021.

India 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 +1.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest unmounted tool inserts, sticks or plates supplier in Southern Asia.

In India, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased at an average annual rate of +6.7% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, increasing by 48% against the previous year. In general, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by 57% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +5.2% per year.

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

Imports in Southern Asia

In 2021, overseas purchases of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2018 with an increase of 35% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 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 soared to $X in 2021. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in tips structure, resulting at X tons, which was approx. 96% of total imports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India 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 -1.7% from 2012 to 2021. Pakistan (-7.5%) illustrated a downward trend over the same period. While the share of India (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-2.2 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in Southern Asia, comprising 99% of total imports. The second position in the ranking was held by Pakistan ($X), with a 0.5% share of total imports.

In India, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased at an average annual rate of +8.7% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 24% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +10.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by +63.9% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 48%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.6%).

Source: IndexBox Platform

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