New Zealand: 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 New Zealand

The New Zealand market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips dropped notably to $X in 2022, waning 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 recorded a perceptible downturn. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

Exports from New Zealand

In 2022, approx. X kg of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips were exported from New Zealand; surging by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2022. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X kg) was the main destination for exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from New Zealand, with a X% share of total exports. Moreover, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Kuwait exceeded the volume sent to the second major destination, the United States (X kg), sixfold. The United Arab Emirates (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Kuwait amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Papua New Guinea ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Fiji ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (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 New Zealand

Imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips into New Zealand declined notably to X tons in 2022, waning by X% compared with the previous year. In general, imports recorded a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips reduced notably to $X in 2022. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and the United States (X tons) were the main suppliers of imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to New Zealand, with a combined X% share of total imports. China, Japan, India, Israel and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and the United States ($X) constituted the largest unmounted tool inserts, sticks or plates suppliers to New Zealand, together comprising X% of total imports. China, Japan, India, Israel and Australia lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, 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 2022, the average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Israel ($X per ton) and Sweden ($X per ton), while the price for Australia ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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