Thailand: 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 Thailand

In 2021, after two years of growth, there was significant decline in the Thai market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value decreased by -20.5% to $X. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped dramatically in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips fell to $X in 2021 estimated in export price. Overall, production, however, saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 169%. Over the period under review, production of reached the peak level at $X in 2020, and then dropped in the following year.

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

Exports from Thailand

In 2021, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Thailand surged to X tons, growing by 296% compared with the previous year's figure. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 564% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

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 continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Thailand, accounting for a 96% share of total exports. It was followed by China (X tons), with a 1.7% share of total exports. Japan (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +120.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+31.4% per year) and Japan (+22.1% per year).

In value terms, the United States ($X) remains the key foreign market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports from Thailand, comprising 86% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.4% share of total exports. It was followed by China, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +110.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+24.3% per year) and China (+28.4% per year).

Export Prices by Country

In 2021, the average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, shrinking by -13% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 104%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($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 Cambodia (+26.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Thailand

In 2021, approx. X tons of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips were imported into Thailand; surging by 30% compared with the previous year. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 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 skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest unmounted tool inserts, sticks or plates supplier to Thailand, accounting for a 72% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.4% per year) and South Korea (+10.6% per year).

In value terms, Japan ($X) constituted the largest supplier of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Thailand, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by South Korea, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.2% per year) and South Korea (+5.2% per year).

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, leveling off at the previous year. Over the period under review, the import price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2019 an increase of 35%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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