Report Update: Apr 1, 2024

Lithuania - Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips - Market Analysis, Forecast, Size, Trends And Insights

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Price for Unmounted Tool Inserts, Sticks or Plates in Lithuania - 2023

Price for Unmounted Tool Inserts, Sticks or Plates in Lithuania (CIF) - 2022

In 2022, the average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips amounted to $107,598 per ton, with a decrease of -40.3% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 33% against the previous year. As a result, import price attained the peak level of $365,699 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 the Netherlands ($774,880 per ton), while the price for Portugal ($37,663 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Unmounted Tool Inserts, Sticks or Plates in Lithuania (FOB) - 2022

The average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $408,459 per ton in 2022, increasing by 5.9% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 59% against the previous year. The export price peaked at $761,383 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 Poland ($1,929,166 per ton), while the average price for exports to Armenia ($40,927 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 Belarus (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unmounted Tool Inserts, Sticks or Plates in Lithuania

In 2022, approx. 53 tons of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips were imported into Lithuania; jumping by 49% on 2021. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips fell to $5.7M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, imports reached the peak of $6.4M, and then shrank in the following year.

Import of Unmounted Tool Inserts, Sticks or Plates in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	962	1,047	1,472	1,676	20.3%
Netherlands	1,421	1,059	2,029	1,037	-10.0%
Poland	290	541	320	892	45.4%
Belgium	647	600	884	834	8.8%
Portugal	N/A	N/A	18.6	168	803.2%
China	38.9	20.5	75.1	124	47.2%
Latvia	147	102	71.8	112	-8.7%
Luxembourg	83.4	92.2	91.4	61.9	-9.5%
Denmark	1,017	930	414	56.6	-61.8%
Czech Republic	702	716	339	46.1	-59.7%
Others	228	158	712	714	46.3%
Total	5,538	5,267	6,426	5,723	1.1%

Top Suppliers of Unmounted Tool Inserts, Sticks or Plates to Lithuania in 2022:

Germany (23.0 tons)
Poland (14.4 tons)
Portugal (4.5 tons)
China (2.1 tons)
Belgium (2.0 tons)
Luxembourg (1.5 tons)
Latvia (1.4 tons)
Netherlands (1.3 tons)
Czech Republic (0.3 tons)
Denmark (0.2 tons)

Exports of Unmounted Tool Inserts, Sticks or Plates in Lithuania

For the fourth consecutive year, Lithuania recorded growth in shipments abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips, which increased by 14% to 13 tons in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips surged to $5.5M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Unmounted Tool Inserts, Sticks or Plates in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belarus	2,209	1,952	2,850	2,686	6.7%
Kazakhstan	22.2	1.4	N/A	867	239.3%
Latvia	268	434	603	661	35.1%
Russia	443	785	872	564	8.4%
Poland	365	180	146	465	8.4%
Armenia	N/A	N/A	N/A	73.5	0%
Italy	N/A	N/A	20.0	N/A	0%
Others	33.8	44.8	76.5	184	75.9%
Total	3,340	3,398	4,567	5,499	18.1%

Top Export Markets for Unmounted Tool Inserts, Sticks or Plates from Lithuania in 2022:

Kazakhstan (5.9 tons)
Belarus (2.9 tons)
Armenia (1.8 tons)
Russia (1.2 tons)
Latvia (1.1 tons)
Poland (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for unmounted tool inserts, sticks or plates in Lithuania. 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:

Lithuania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Lithuania
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023