Republic of Korea - Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Unmounted Tool Inserts, Sticks or Plates in South Korea - 2022
Contents:
- Price for Unmounted Tool Inserts, Sticks or Plates in South Korea (FOB) - 2022
- Price for Unmounted Tool Inserts, Sticks or Plates in South Korea (CIF) - 2022
- Exports of Unmounted Tool Inserts, Sticks or Plates in South Korea
- Imports of Unmounted Tool Inserts, Sticks or Plates in South Korea
Price for Unmounted Tool Inserts, Sticks or Plates in South Korea (FOB) - 2022
The average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $359K per ton in December 2022, increasing by 4.3% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 18% m-o-m. Over the period under review, the average export prices reached the maximum at $373K per ton in January 2022; however, from February 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($953K per ton), while the average price for exports to Mexico ($216K per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Unmounted Tool Inserts, Sticks or Plates in South Korea (CIF) - 2022
The average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $266K per ton in December 2022, dropping by -2.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 23% m-o-m. Over the period under review, average import prices reached the peak figure at $284K per ton in February 2022; however, from March 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Israel ($880K per ton), while the price for Taiwan (Chinese) ($59,895 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Unmounted Tool Inserts, Sticks or Plates in South Korea
In 2022, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from South Korea reduced to 1.1K tons, dropping by -5.2% against the previous year's figure. Over the period under review, exports saw a perceptible downturn. The growth pace was the most rapid in 2021 when exports increased by 3.9%.
In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips dropped modestly to $386M in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $401M, and then contracted modestly in the following year.
| Export of Unmounted Tool Inserts, Sticks or Plates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 94.1 | 82.3 | 101 | 86.2 | -2.9% |
| United States | 62.1 | 45.3 | 57.1 | 61.8 | -0.2% |
| India | 25.3 | 22.7 | 35.1 | 36.9 | 13.4% |
| Germany | 40.7 | 32.6 | 39.6 | 35.2 | -4.7% |
| Belgium | 33.0 | 26.1 | 33.7 | 29.3 | -3.9% |
| Japan | 26.5 | 20.2 | 28.0 | 24.3 | -2.8% |
| Turkey | 10.1 | 14.2 | 16.3 | 17.5 | 20.1% |
| Russia | 12.4 | 12.2 | 13.6 | 16.0 | 8.9% |
| Vietnam | 5.6 | 4.8 | 6.7 | 7.6 | 10.7% |
| France | 3.7 | 4.8 | 7.3 | 7.3 | 25.4% |
| Italy | 6.8 | 4.5 | 6.5 | 6.0 | -4.1% |
| Others | 58.8 | 47.7 | 56.4 | 57.6 | -0.7% |
| Total | 379 | 317 | 401 | 386 | 0.6% |
Top Export Markets for Unmounted Tool Inserts, Sticks or Plates from South Korea in 2022:
- China (269.8 tons)
- United States (155.6 tons)
- India (125.8 tons)
- Germany (103.7 tons)
- Japan (99.2 tons)
- Russia (52.8 tons)
- Turkey (50.1 tons)
- France (32.3 tons)
- Belgium (31.1 tons)
- Vietnam (21.4 tons)
- Italy (19.1 tons)
Imports of Unmounted Tool Inserts, Sticks or Plates in South Korea
In 2022, the amount of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips imported into South Korea shrank to 554 tons, with a decrease of -4.9% against 2021. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, imports reached the peak of 583 tons, and then dropped modestly in the following year.
In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips reduced to $132M in 2022. Overall, imports saw a slight setback. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $148M, and then declined in the following year.
| Import of Unmounted Tool Inserts, Sticks or Plates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 43.2 | 34.5 | 46.4 | 40.0 | -2.5% |
| China | 19.6 | 17.7 | 24.3 | 21.2 | 2.7% |
| Israel | 21.1 | 18.1 | 23.3 | 18.1 | -5.0% |
| Sweden | 21.6 | 15.1 | 16.9 | 15.7 | -10.1% |
| Germany | 13.1 | 12.8 | 13.7 | 13.0 | -0.3% |
| United States | 6.0 | 4.9 | 6.3 | 6.6 | 3.2% |
| Taiwan (Chinese) | 3.5 | 3.1 | 3.1 | 3.3 | -1.9% |
| Others | 10.8 | 11.5 | 13.9 | 14.1 | 9.3% |
| Total | 139 | 118 | 148 | 132 | -1.7% |
Top Suppliers of Unmounted Tool Inserts, Sticks or Plates to South Korea in 2022:
- China (242.3 tons)
- Japan (127.8 tons)
- Taiwan (Chinese) (57.7 tons)
- Sweden (32.2 tons)
- Germany (24.3 tons)
- Israel (20.4 tons)
- United States (19.7 tons)
This report provides an in-depth analysis of the market for unmounted tool inserts, sticks or plates in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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