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 fell dramatically to $X in 2020, which is down 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, however, continues to indicate modest growth. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2012 to 2020, 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

In 2020, after four years of decline, there was significant growth in shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume increased by X% to X tonnes. Over the period under review, exports, however, saw a deep reduction. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2020. Overall, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Estonia (X kg) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Finland, accounting for a X% share of total exports. Moreover, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Estonia exceeded the volume sent to the second major destination, Russia (X kg), threefold. The third position in this ranking was occupied by Argentina (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Estonia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-X% per year) and Argentina (-X% per year).

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 Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Russia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Australia (+X% per year).

Export Prices by Country

In 2020, the average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price, however, posted perceptible growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, 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 2020, approx. X tonnes of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips were imported into Finland; waning by -X% against 2019 figures. In general, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. from 2012 to 2020, 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 reduced rapidly to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. 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 hit record highs at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, 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), fivefold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Japan (+X% per year).

In value terms, China ($X), Belgium ($X) and Sweden ($X) appeared to be the largest unmounted tool inserts, sticks or plates suppliers to Finland, with a combined X% share of total imports. Germany, Japan, Israel and the Netherlands lagged somewhat behind, together comprising a further X Netherlands recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox 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 country with the largest volume of consumption of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips was China (17K tonnes), accounting for 26% of total volume. Moreover, consumption of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in China exceeded the figures recorded by the second-largest consumer, the U.S. (7.6K tonnes), twofold. The third position in this ranking was occupied by India (6.6K tonnes), with a 9.9% share.

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, accounting for 36% 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 (5.5K tonnes), fourfold. India (5.5K tonnes) ranked third in terms of total production with a 8.2% 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 ($6.7M), Belgium ($4.5M) and Sweden ($4.3M) were the largest unmounted tool inserts, sticks or plates suppliers to Finland, together comprising 53% of total imports. Germany, Japan, Israel and the Netherlands lagged somewhat behind, together comprising a further 31%.

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 ($313K) remains the key foreign market for unmounted tool inserts, sticks or plates exports from Finland, comprising 72% of total exports. The second position in the ranking was occupied by Estonia ($74K), with a 17% share of total exports. It was followed by Australia, with a 2.3% 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 $316,736 per tonne in 2020, declining by -7.8% 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 2020, the average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $230,738 per tonne, which is down by -1.7% against the previous year.