Non-Agglomerated Metal Carbides Market

The global market for non-agglomerated metal carbides mixed with metallic binders is expected to see steady growth over the next eight years, with an anticipated increase in both volume and value. Consumption, production, import, and export trends are analyzed, revealing key players and market dynamics. Countries like Germany, China, and the United States are leading in consumption, production, and imports. The article also delves into per capita consumption, import/export prices, and growth rates, providing a comprehensive overview of the market.

Market Forecast

Driven by increasing demand for non-agglomerated metal carbides mixed together or with metallic binders worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.8% for the period from 2022 to 2030, which is projected to bring the market volume to 19K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $787M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Agglomerated Metal Carbides Mixed Together Or With Metallic Binders

In 2022, consumption of non-agglomerated metal carbides mixed together or with metallic binders increased by 6.3% to 16K tons, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +15.1% against 2020 indices. As a result, consumption attained the peak volume of 20K tons. From 2019 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global non-agglomerated metal carbides market revenue was estimated at $567M in 2022, with an increase of 9.7% 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). The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $727M. From 2019 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Germany (2.5K tons), China (2.4K tons) and the UK (1.9K tons), together accounting for 42% of global consumption. Mexico, the United States, Sweden, India, Thailand, Spain, the Czech Republic, Luxembourg, Italy and France lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +25.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-agglomerated metal carbides markets worldwide were Germany ($116M), China ($89M) and Mexico ($52M), with a combined 45% share of the global market. The United States, Sweden, Thailand, Spain, India, the Czech Republic, Italy, France, Luxembourg and the UK lagged somewhat behind, together accounting for a further 34%.

Among the main consuming countries, Thailand, with a CAGR of +24.7%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of non-agglomerated metal carbides per capita consumption was registered in Luxembourg (601 kg per 1000 persons), followed by Sweden (66 kg per 1000 persons), the Czech Republic (39 kg per 1000 persons) and Germany (30 kg per 1000 persons), while the world average per capita consumption of non-agglomerated metal carbides was estimated at 2 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the non-agglomerated metal carbides per capita consumption in Luxembourg totaled -1.8%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Sweden (+4.6% per year) and the Czech Republic (+4.1% per year).

Production

World Production of Non-Agglomerated Metal Carbides Mixed Together Or With Metallic Binders

In 2022, approx. 16K tons of non-agglomerated metal carbides mixed together or with metallic binders were produced worldwide; remaining constant against 2021 figures. The total output volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 8.5% against the previous year. Global production peaked at 16K tons in 2021, and then declined in the following year.

In value terms, non-agglomerated metal carbides production reduced to $495M in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. As a result, production attained the peak level of $592M. From 2019 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The country with the largest volume of non-agglomerated metal carbides production was China (4.8K tons), accounting for 30% of total volume. Moreover, non-agglomerated metal carbides production in China exceeded the figures recorded by the second-largest producer, the United States (2.2K tons), twofold. Finland (1.9K tons) ranked third in terms of total production with a 12% share.

In China, non-agglomerated metal carbides production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+0.5% per year) and Finland (+399.2% per year).

Imports

World Imports of Non-Agglomerated Metal Carbides Mixed Together Or With Metallic Binders

In 2022, purchases abroad of non-agglomerated metal carbides mixed together or with metallic binders increased by 9.9% to 15K tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 +51.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 44%. Global imports peaked at 20K tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-agglomerated metal carbides imports skyrocketed to $654M in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Global imports peaked at $696M in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Germany (3.6K tons), distantly followed by the United States (1.7K tons), India (1.1K tons), Mexico (1K tons) and Sweden (0.7K tons) represented the key importers of non-agglomerated metal carbides mixed together or with metallic binders, together committing 53% of total imports. The following importers - Taiwan (Chinese) (645 tons), Thailand (533 tons), Spain (519 tons), France (497 tons), the Czech Republic (496 tons), Italy (492 tons), Canada (423 tons) and Japan (406 tons) - together made up 27% of total imports.

Imports into Germany increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, Thailand (+54.7%), Japan (+14.3%), India (+9.2%), Spain (+7.5%), Sweden (+5.6%), France (+3.4%), Taiwan (Chinese) (+3.3%), the Czech Republic (+2.5%), Italy (+1.6%) and Mexico (+1.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +54.7% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Canada (-4.5%) illustrated a downward trend over the same period. While the share of Germany (+6 p.p.), Thailand (+3.5 p.p.), India (+3.3 p.p.) and Japan (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Canada (-2.9 p.p.) and the United States (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($166M) constitutes the largest market for imported non-agglomerated metal carbides mixed together or with metallic binders worldwide, comprising 25% of global imports. The second position in the ranking was taken by the United States ($65M), with a 10% share of global imports. It was followed by Mexico, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +1.8%. In the other countries, the average annual rates were as follows: the United States (-4.2% per year) and Mexico (+1.6% per year).

Import Prices By Country

The average non-agglomerated metal carbides import price stood at $43,417 per ton in 2022, growing by 6.9% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The growth pace was the most rapid in 2019 when the average import price increased by 39%. Global import price peaked at $54,370 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($56,554 per ton), while India ($30,382 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Agglomerated Metal Carbides Mixed Together Or With Metallic Binders

In 2022, shipments abroad of non-agglomerated metal carbides mixed together or with metallic binders increased by 2.4% to 15K tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Over the period under review, the global exports hit record highs at 16K tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-agglomerated metal carbides exports rose remarkably to $640M in 2022. In general, exports, however, recorded a mild decrease. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. The global exports peaked at $742M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

The biggest shipments were from the United States (2.9K tons), China (2.8K tons), Finland (1.9K tons), France (1.4K tons), Sweden (1.2K tons), Canada (1.1K tons) and Germany (1.1K tons), together recording 83% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of +325.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($127M), China ($127M) and France ($78M) constituted the countries with the highest levels of exports in 2022, with a combined 52% share of global exports. Sweden, Finland, Germany and Canada lagged somewhat behind, together comprising a further 36%.

Finland, with a CAGR of +346.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average non-agglomerated metal carbides export price stood at $42,976 per ton in 2022, with an increase of 9.6% against the previous year. In general, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the maximum at $51,544 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 France ($57,728 per ton), while Finland ($30,634 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform