Vietnam: 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 Vietnam

In 2022, the Vietnamese market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a noticeable 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

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

Exports from Vietnam

After five years of growth, overseas shipments of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips decreased by X% to X kg in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips contracted sharply to $X in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

South Korea (X kg), Taiwan (Chinese) (X kg) and Singapore (X kg) were the main destinations of exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Vietnam, together accounting for X% of total exports.

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

In value terms, the largest markets for unmounted tool inserts, sticks or plates exported from Vietnam were South Korea ($X), Taiwan (Chinese) ($X) and Singapore ($X), together accounting for X% of total exports. The United States, Cambodia, Japan and Slovenia lagged somewhat behind, together comprising a further X%.

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

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, picking up by X% against the previous year. Overall, the export price enjoyed a measured increase. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and Singapore ($X per ton), while the average price for exports to Slovenia ($X per ton) and the United States ($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 Japan (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 Vietnam

In 2022, overseas purchases of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to X tons, rising for the sixth year in a row after four years of decline. Overall, imports continue to indicate a resilient expansion. 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. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main suppliers of imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Vietnam, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Vietnam were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

Japan, 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, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and the United States ($X per ton), while the price for Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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