MENA: 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 MENA

For the third consecutive year, the MENA's market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw a strong expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

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

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a slight curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in MENA

In 2022, overseas shipments of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, recorded a pronounced slump. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips declined to $X in 2022. Overall, exports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel represented the key exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Turkey (X tons), creating an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to unmounted tool inserts, sticks or plates exports from Israel stood at X%. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Israel ($X) remains the largest unmounted tool inserts, sticks or plates supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel amounted to X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then shrank markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%).

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

Imports in MENA

In 2022, purchases abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports posted a strong increase. As a result, imports reached the peak and are likely to continue 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 buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates tips structure, amounting to X tons, which was approx. X% of total imports in 2022. Israel (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%) and the United Arab Emirates (X%).

Turkey 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, Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.), Israel (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips in MENA, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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