South Africa: 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 South Africa

The South African market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips dropped notably to $X in 2022, falling 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). Over the period under review, consumption recorded a pronounced decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

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

Exports from South Africa

In 2022, after four years of decline, there was significant growth in shipments abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports 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 dropped slightly to $X in 2022. Overall, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from South Africa, accounting for a X% share of total exports. Moreover, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Zimbabwe exceeded the volume sent to the second major destination, Zambia (X tons), threefold. The third position in this ranking was held by Lesotho (X tons), with an X% share.

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

In value terms, Germany ($X), Brazil ($X) and Switzerland ($X) appeared to be the largest markets for unmounted tool inserts, sticks or plates exported from South Africa worldwide, together comprising X% of total exports. Zimbabwe, Madagascar, Italy, the United States, Lesotho, Swaziland, Zambia, Democratic Republic of the Congo, Mozambique and Namibia lagged somewhat behind, together comprising a further X%.

Madagascar, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export 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 export price showed a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (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 South Africa

For the third year in a row, South Africa recorded decline in purchases abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips, which decreased by X% to X tons in 2022. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips shrank to $X in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to South Africa, with a combined X% share of total imports.

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

In value terms, Israel ($X) constituted the largest supplier of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to South Africa, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

The average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated moderate growth 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. Based on 2022 figures, import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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