Asia-Pacific: Market for Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2024

Market Size for Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Asia-Pacific

The Asia-Pacific market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips expanded significantly to $X in 2022, increasing by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Asia-Pacific

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips reached $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia-Pacific

In 2022, overseas shipments of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips rose modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons) was the major exporter of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips, making up X% of total exports. Japan (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and Singapore (X%). The following exporters - India (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to unmounted tool inserts, sticks or plates exports from China stood at X%. At the same time, Thailand (X%), India (X%), Singapore (X%), Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore, South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unmounted tool inserts, sticks or plates supplying countries in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), together accounting for X% of total exports. Singapore, India, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a perceptible setback. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia-Pacific

In 2022, purchases abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips reduced modestly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) represented the key importer of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips, constituting X% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), China (X tons), Thailand (X tons), Japan (X tons), Malaysia (X tons), Indonesia (X tons) and South Korea (X tons), together mixing up a X% share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips. At the same time, Malaysia (X%), Taiwan (Chinese) (X%), China (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese), Malaysia, China and Thailand increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Taiwan (Chinese), South Korea, Thailand, Indonesia and Malaysia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, 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 Asia-Pacific stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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