ECOWAS: 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 ECOWAS

The ECOWAS market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips rose to $X in 2022, growing by X% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in ECOWAS

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips reached $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in ECOWAS

In 2022, overseas shipments of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips were finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. 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 soared to $X in 2022. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Senegal dominates tips structure, finishing at X kg, which was near X% of total exports in 2022. Cote d'Ivoire (X kg) held the second position in the ranking, followed by Guinea (X kg). All these countries together held near X% share of total exports. The following exporters - Ghana (X kg) and Sierra Leone (X kg) - together made up X% of total exports.

Senegal was also the fastest-growing in terms of the unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Sierra Leone experienced a relatively flat trend pattern. By contrast, Guinea (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Sierra Leone (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Guinea (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) emerged as the largest unmounted tool inserts, sticks or plates supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Guinea ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

In Ghana, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Guinea (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in ECOWAS

After two years of decline, supplies from abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to X tons in 2022. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips expanded rapidly to $X in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Burkina Faso prevails in tips structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons) and Ghana (X tons), together mixing up an X% share of total imports. The following importers - Nigeria (X kg), Mali (X kg) and Guinea (X kg) - together made up X% of total imports.

Burkina Faso was also the fastest-growing in terms of the unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips imports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%), Guinea (X%) and Ghana (X%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Mali (X%) illustrated a downward trend over the same period. Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana, Cote d'Ivoire and Mali saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unmounted tool inserts, sticks or plates importing markets in ECOWAS were Ghana ($X), Burkina Faso ($X) and Guinea ($X), with a combined X% share of total imports.

Among the main importing countries, Ghana, with a CAGR of X%, saw 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

The import price in ECOWAS stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guinea ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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