Western Africa: 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 Western Africa

After two years of growth, the West African market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -25.7% to $X in 2021. Over the period under review, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

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

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips dropped dramatically to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 107%. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

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

Exports in Western Africa

In 2021, overseas shipments of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -27.3% to X kg for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 115%. The volume of export peaked at X kg in 2020, and then declined rapidly in the following year.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips contracted rapidly to $X in 2021. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 314% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Cote d'Ivoire was the largest exporter of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in Western Africa, with the volume of exports accounting for X kg, which was approx. 61% of total exports in 2021. It was distantly followed by Mauritania (X kg), making up a 31% share of total exports. Guinea (X kg) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cote d'Ivoire (with a CAGR of +37.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mauritania ($X) remains the largest unmounted tool inserts, sticks or plates supplier in Western Africa, comprising 73% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an 11% share of total exports.

In Mauritania, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased at an average annual rate of +10.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+23.6% per year) and Guinea (-24.9% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, dropping by -77% against the previous year. Over the period under review, the export price recorded a deep reduction. The growth pace was the most rapid in 2020 when the export price increased by 117% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mauritania ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (-6.8%), while the other leaders experienced a decline in the export price figures.

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

Imports in Western Africa

In 2021, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in Western Africa reduced sharply to X tons, shrinking by -17.6% compared with 2020. In general, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2014 when imports increased by 94%. The volume of import peaked at X tons in 2019; however, from 2020 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 skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 142%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Ghana (X tons), distantly followed by Mali (X kg), Burkina Faso (X kg), Senegal (X kg) and Cote d'Ivoire (X kg) represented the key importers of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, together creating 89% of total imports. Guinea (X kg) and Nigeria (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Ghana ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 64% of total imports.

Ghana, with a CAGR of +24.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, jumping by 48% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Guinea ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+22.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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