Russian Federation: 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 the Russian Federation

The Russian market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips shrank to $X in 2022, falling by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Production of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in the Russian Federation

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips reduced to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports from the Russian Federation

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. Overall, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Russia, accounting for a X% share of total exports. Moreover, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Belarus exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belarus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the largest markets for unmounted tool inserts, sticks or plates exported from Russia were Poland ($X), Belarus ($X) and Kazakhstan ($X), with a combined X% share of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

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

Imports into the Russian Federation

In 2022, overseas purchases of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips fell markedly to $X in 2022. Overall, total imports indicated a perceptible expansion 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

Germany (X tons), China (X tons) and South Korea (X tons) were the main suppliers of imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Russia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Sweden ($X) appeared to be the largest unmounted tool inserts, sticks or plates suppliers to Russia, with a combined X% share of total imports. South Korea, the Czech Republic, India and Mexico lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other 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 $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Germany ($X 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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