Southern Asia: 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 Southern Asia

The South Asian market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips rose significantly to $X in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate resilient growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

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

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in Southern Asia

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 three years of decline. Over the period under review, exports showed a measured increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips expanded notably to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest unmounted tool inserts, sticks or plates supplier in Southern Asia.

In India, exports 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.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

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 second year in a row after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2022. Overall, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

India prevails in tips structure, finishing at X tons, which was approx. X% of total imports in 2022. Pakistan (X tons) held a relatively small share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips. Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports.

In India, 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.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Import price indicated a buoyant 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. Based on 2022 figures, import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

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

Source: IndexBox Platform

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