World - Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips - Market Analysis, Forecast, Size, Trends And Insights
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The article provides an in-depth analysis of the market for unmounted tool inserts, sticks, or plates, projecting a decrease in consumption over the next eight years. Key data points include consumption trends, market performance, value projections, production volumes, import and export statistics, and per capita consumption rates. The analysis covers global trends as well as specific data for top consuming and producing countries. Overall, the article offers a comprehensive overview of the market dynamics for unmounted tool inserts.
Market Forecast
The market for unmounted tool inserts, sticks or plates is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.5% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 125K tons by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market value to $23.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips
In 2022, the amount of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips consumed worldwide surged to 130K tons, jumping by 22% against the previous year's figure. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +95.4% against 2016 indices. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The size of the market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips worldwide skyrocketed to $21.4B in 2022, with an increase of 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the Netherlands (23K tons), China (18K tons) and the United States (14K tons), together accounting for 42% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of tips, amongst the key consuming countries, was attained by the Netherlands (with a CAGR of +23.3%), while tips for the other global leaders experienced more modest paces of growth.
In value terms, the largest unmounted tool inserts, sticks or plates markets worldwide were the Netherlands ($3.6B), Turkey ($2.9B) and the United States ($2.6B), together accounting for 42% of the global market.
Turkey, with a CAGR of +18.0%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while tips for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of per capita consumption of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips was registered in the Netherlands (1,307 kg per 1000 persons), followed by Canada (95 kg per 1000 persons), Germany (53 kg per 1000 persons) and the UK (52 kg per 1000 persons), while the world average per capita consumption of unmounted tool inserts, sticks or plates was estimated at 16 kg per 1000 persons.
In the Netherlands, per capita consumption of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased at an average annual rate of +22.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+8.5% per year) and Germany (+10.2% per year).
Production
World Production of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips
In 2022, approx. 126K tons of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips were produced worldwide; with an increase of 21% compared with 2021. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +96.2% against 2012 indices. As a result, production reached the peak volume and is likely to continue growth in the immediate term.
In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips amounted to $15B in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11%. Over the period under review, global production of attained the maximum level at $15.3B in 2020; however, from 2021 to 2022, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (29K tons), the Netherlands (23K tons) and the United States (12K tons), with a combined 51% share of global production.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +30.8%), while tips for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips
For the third year in a row, the global market recorded growth in purchases abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips, which increased by 9.1% to 45K tons in 2022. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips fell modestly to $7.2B in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, global imports of attained the maximum at $7.5B in 2014; however, from 2015 to 2022, imports failed to regain momentum.
Imports By Country
In 2022, the Netherlands (8.9K tons), distantly followed by the United States (3.8K tons), Canada (3.7K tons), India (3.4K tons) and Germany (2.6K tons) were the major importers of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips, together constituting 50% of total imports. Taiwan (Chinese) (1.5K tons), Italy (1.4K tons), Turkey (1.4K tons), Russia (1.2K tons), Luxembourg (1.2K tons), France (1.1K tons), China (1K tons) and Belgium (0.9K tons) held a little share of total imports.
Imports into the Netherlands increased at an average annual rate of +12.5% from 2012 to 2022. At the same time, Luxembourg (+18.7%), Russia (+18.4%), Turkey (+14.3%), Canada (+9.1%), Taiwan (Chinese) (+7.1%), France (+5.9%), China (+4.7%), the United States (+1.2%) and Italy (+1.0%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in the world, with a CAGR of +18.7% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Germany (-2.4%) and Belgium (-5.8%) illustrated a downward trend over the same period. While the share of the Netherlands (+12 p.p.), Canada (+3.7 p.p.), Russia (+2.1 p.p.), Luxembourg (+2.1 p.p.) and Turkey (+2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-1.6 p.p.), India (-2.4 p.p.), Belgium (-3.1 p.p.) and Germany (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest unmounted tool inserts, sticks or plates importing markets worldwide were the United States ($1.1B), the Netherlands ($881M) and Germany ($806M), with a combined 38% share of global imports. Belgium, Italy, Turkey, India, China, France, Russia, Taiwan (Chinese), Canada and Luxembourg lagged somewhat behind, together accounting for a further 30%.
Turkey, with a CAGR of +12.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $161,557 per ton in 2022, waning by -9.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 5.4% against the previous year. As a result, import price attained the peak level of $220,161 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($388,472 per ton), while Luxembourg ($31,641 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips
Global exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips expanded slightly to 40K tons in 2022, growing by 4.4% against the previous year. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 34% against the previous year. Over the period under review, the global exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips dropped to $7.5B in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the global exports of reached the peak figure at $7.9B in 2014; however, from 2015 to 2022, the exports remained at a lower figure.
Exports By Country
China (12K tons) and the Netherlands (9.1K tons) represented the major exporters of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips in 2022, reaching approx. 29% and 23% of total exports, respectively. Japan (3.4K tons) held an 8.4% share (based on physical terms) of total exports, which put it in second place, followed by Germany (7.6%) and Israel (4.8%). The United States (1.8K tons), South Korea (1.1K tons), Singapore (1K tons), Sweden (1K tons) and India (0.8K tons) held a relatively small share of total exports.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +19.8%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Germany ($1.2B), the Netherlands ($1.1B) and Japan ($811M) were the countries with the highest levels of exports in 2022, with a combined 42% share of global exports. China, Israel, the United States, South Korea, Sweden, Singapore and India lagged somewhat behind, together comprising a further 41%.
Among the main exporting countries, India, with a CAGR of +7.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $185,447 per ton in 2022, declining by -8.6% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 3.1% against the previous year. The global export price peaked at $259,541 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($406,413 per ton), while China ($63,765 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.2%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for unmounted tool inserts, sticks or plates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25736067 - Indexable inserts for tools, unmounted, of sintered metal carbides and cermets
- Prodcom 25736090 - Unmounted sintered metal carbides or cermet plates, sticks, t ips and the like for tools (excluding indexable inserts)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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