Angola: 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 Angola

The Angolan market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2022, growing by X% 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). Over the period under review, consumption, however, showed a noticeable setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

Exports from Angola

In 2022, shipments abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips decreased by X% to X kg for the first time since 2016, thus ending a five-year declining trend. In general, exports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X kg. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips shrank rapidly to $X in 2022. Overall, exports saw a sharp descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

South Africa (X kg) was the main destination for exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Angola, accounting for a approx. X% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to South Africa stood at X%.

In value terms, South Africa ($X) also remains the key foreign market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips exports from Angola.

From 2015 to 2022, the average annual rate of growth in terms of value to South Africa amounted to X%.

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, jumping by X% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2015 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X.6% per year.

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

Imports into Angola

Imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips into Angola soared to X tons in 2022, with an increase of X% compared with the previous year's figure. Overall, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest unmounted tool inserts, sticks or plates supplier to Angola, with a X% share of total imports. Moreover, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Portugal exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United Arab Emirates (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Angola, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 South Africa ($X per ton), while the price for Portugal ($X 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 Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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