In 2007, of the 16,500 tons of cemented carbide produced in my country, 4,500 tons were used in the production of cutting tools, and the quantity was comparable to that of Japan.
However, the value of the tool after making it is only 800 million US dollars, far less than Japan's 2.5 billion US dollars, which fully shows that the overall production level of domestic high-efficiency carbide tools still has a considerable gap with foreign countries.
Therefore, under the premise that domestic enterprises cannot meet the market demand, the demand of the manufacturing industry has to be solved by a large number of imports. According to data, the annual growth rate of sales of major foreign companies in China's mid-to-high-end tool market has reached 30%, which has exceeded the average annual growth level of domestic tools.
