Finland: Overview of the Market for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2021

Market Size for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Finland

The Finnish market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2019, picking up 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). Overall, consumption saw a pronounced expansion. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

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

Exports from Finland

For the fourth year in a row, Finland recorded decline in overseas shipments of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, which decreased by -X% to X kg in 2019. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips shrank remarkably to $X in 2019. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Estonia (X kg), Russia (X kg) and the U.S. (X kg) were the main destinations of exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Finland, together accounting for X% of total exports. Australia, Malaysia, China and Latvia lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for unmounted tool inserts, sticks or plates exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Russia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Latvia (+X% per year).

Export Prices by Country

The average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per tonne in 2019, increasing by X% against the previous year. In general, the export price saw a notable increase. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2010; however, from 2011 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Latvia, while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Finland

In 2019, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips into Finland surged to X tonnes, picking up by X% against 2018. In general, imports continue to indicate notable growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth of imports remained at a lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2019. Overall, total imports indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of unmounted tool inserts, sticks or plates to Finland, accounting for a X% share of total imports. Moreover, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), sixfold. The third position in this ranking was occupied by Sweden (X tonnes), with a X% share.

From 2007 to 2019, 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: Germany (-X% per year) and Sweden (-X% per year).

In value terms, China ($X), Belgium ($X) and Sweden ($X) constituted the largest unmounted tool inserts, sticks or plates suppliers to Finland, together comprising X% of total imports. Germany, Japan, Israel, the U.S. and the Netherlands lagged somewhat behind, together accounting for a further X terms of the main suppliers, the Netherlands 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

In 2019, the average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in the world?

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The countries with the highest volumes of consumption of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in 2019 were China (15K tonnes), the U.S. (8K tonnes) and India (6.1K tonnes), with a combined 44% share of global consumption. These countries were followed by the Netherlands, Japan, Russia, Germany, Spain, the UK, Mexico, South Korea, Canada and Portugal, which together accounted for a further 35%.

What are the largest producers of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in the world?

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China (24K tonnes) constituted the country with the largest volume of production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, comprising approx. 37% of total volume. Moreover, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in China exceeded the figures recorded by the second-largest producer, Japan (6.1K tonnes), fourfold. The U.S. (5.9K tonnes) ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Finland?

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In value terms, China ($8.4M), Belgium ($6.7M) and Sweden ($6.4M) appeared to be the largest unmounted tool inserts, sticks or plates suppliers to Finland, with a combined 52% share of total imports. These countries were followed by Germany, Japan, Israel, the U.S. and the Netherlands, which together accounted for a further 38%.

What are the leading importers of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Finland?

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In value terms, Russia ($205K) remains the key foreign market for unmounted tool inserts, sticks or plates exports from Finland, comprising 60% of total exports. The second position in the ranking was occupied by Estonia ($83K), with a 24% share of total exports. It was followed by Latvia, with a 3.9% share.

What is the average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in Finland?

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The average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $345,523 per tonne in 2019, growing by 16% against the previous year.

What is the average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in Finland?

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In 2019, the average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $263,445 per tonne, surging by 2.8% against the previous year.