Italy: 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 Italy

In 2023, the Italian market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

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

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips declined sharply to $X in 2023 estimated in export price. Over the period under review, production recorded a deep contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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

Exports from Italy

In 2023, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Italy soared to X tons, increasing by X% on the year before. Overall, exports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Poland (X tons) and Austria (X tons) were the main destinations of exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Italy, together comprising X% of total exports. Turkey, Egypt, Switzerland, Israel, the Netherlands, the Czech Republic, Spain, Qatar, the United Arab Emirates and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Switzerland ($X) constituted the largest markets for unmounted tool inserts, sticks or plates exported from Italy worldwide, together accounting for X% of total exports. Turkey, Poland, Israel, Qatar, Egypt, Spain, India, Austria, the Czech Republic and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then contracted slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (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 Italy

Imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips into Italy expanded markedly to X tons in 2023, growing by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2023 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Italy, with a combined X% share of total imports. Luxembourg, the Czech Republic, Belgium, the United States, the UK, Sweden, Austria, Switzerland, France and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Italy were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports. Luxembourg, China, Sweden, the United States, Switzerland, Japan, the UK, Austria, the Czech Republic and France lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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 2023, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform