Colombia: 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 Colombia

The Colombian market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2022, rising 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 enjoyed a prominent increase. Consumption of peaked in 2022 and is expected to retain growth in years to come.

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

Exports from Colombia

Exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Colombia contracted dramatically to X kg in 2022, which is down by X% compared with the year before. Over the period under review, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips shrank rapidly to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X kg) was the main destination for exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Colombia, with a X% share of total exports. Moreover, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Mexico exceeded the volume sent to the second major destination, Argentina (X kg), threefold. El Salvador (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and El Salvador (X% per year).

In value terms, Mexico ($X) emerged as the key foreign market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to El Salvador ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Colombia

In 2022, overseas purchases of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2022. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of unmounted tool inserts, sticks or plates to Colombia, accounting for a X% share of total imports. Moreover, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was held by Italy (X tons), with a X% share.

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

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Colombia were the United States ($X), Luxembourg ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded 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

In 2022, the average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood 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 Luxembourg ($X per ton), while the price for China ($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 States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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