Current Situation of Cemented Carbide Industry in China
China's cemented carbide industry began in the late 1940s. After years of development since the founding of the People's Republic of China, China has become a country with a large output of tungsten carbide. The demand for cemented carbide from downstream industries and at home and abroad continues to increase. China's cemented carbide output has generally maintained a stable growth trend. In some years, affected by macroeconomic fluctuations, it has declined slightly. In 2009, China's cemented carbide output was only 16500 tons, It reaches 44,800 tons in 2021.
Output trend of China's Cemented Carbide Industry from 2009 to 2020
In terms of export destinations, China's cemented carbides are mainly exported to South Korea, the United States, Germany, Taiwan, China, India and other places. According to Chinese customs data, the main export markets of cemented carbide in China in 2021 are analyzed as follows:
Analysis of China's Cemented Carbide Main Export Markets in 2021 (by amount)
From the perspective of import sources, China's cemented carbides are mainly imported from Japan, South Korea, Germany, Sweden and other places. According to Chinese customs data, the main import market of cemented carbide in China in 2021 is analyzed as follows:
Analysis of China's Cemented Carbide Main Import Markets in 2021 (by amount)
From the perspective of industry market demand, with the steady growth of the economy, the downstream main industries have maintained a relatively stable growth trend, and the industry market demand has generally grown steadily. With the growth of the downstream industries' demand for high-end cemented carbide, China's high-end products are relatively insufficient, and the proportion of imported products has shown a relatively significant upward trend. The industry scale has been growing continuously. In 2009, the market size of China's cemented carbide industry was 8.82 billion yuan, In 2021, the market scale of China's cemented carbide industry is 28.205 billion yuan.
Trend Chart of China's Cemented Carbide Market Size from 2009 to 2021
In general, China's cemented carbide market demand is still mainly concentrated in the field of cutting tools and geological mining tools. In recent years, with the development of China's high-end manufacturing industry, the proportion of cutting tools still has a relatively significant increase. In 2021, the proportions of these two fields is 31.45% and 24.74% respectively.
Proportion of China's Cemented Carbide Market Segment in 2021
