Hong Kong SAR, China - Straight Saw Blades For Working Metal - Market Analysis, Forecast, Size, Trends And Insights
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View Pricing2023 Sees a Modest Rise in Hong Kongs' Straight Saw Blade Imports to $4.6M
Hong Kong Straight Saw Blade Imports
In 2023, approx. 148 tons of straight saw blades for working metal were imported into Hong Kong; declining by -18.7% against 2022. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Imports peaked at 220 tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.
In value terms, straight saw blade imports rose slightly to $4.6M (IndexBox estimates) in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. As a result, imports reached the peak of $5.5M. From 2022 to 2023, the growth of imports remained at a lower figure.
| COUNTRY | Import Value of Straight Saw Blade in Hong Kong (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 127 | 72.4 | 123 | 466 | 3.7 | 5.7 | 6.9 | 7.0 | 78.2 | 6.0 | 1,272 |
| Switzerland | 1,019 | 1,007 | 826 | 421 | 460 | 1,080 | 676 | 433 | 747 | 974 | 514 |
| United Kingdom | 28.5 | 9.1 | 11.7 | 4.8 | 4.1 | 7.8 | 532 | 221 | 373 | 291 | 158 |
| Germany | 17.6 | 176 | 168 | 98.1 | 30.6 | 35.6 | 85.1 | 204 | 1,041 | 569 | 89.9 |
| Singapore | 31.6 | 28.8 | 48.6 | 202 | 1,407 | 525 | 81.0 | 505 | 192 | 260 | 85.4 |
| Japan | 173 | 172 | 158 | 164 | 205 | 149 | 221 | 133 | 191 | 43.7 | 78.3 |
| Thailand | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 79.5 | 74.6 |
| China | 932 | 146 | 70.9 | 109 | 36.2 | 110 | 577 | 20.7 | 63.1 | 11.6 | 19.0 |
| Others | 2,653 | 2,232 | 1,749 | 1,805 | 2,357 | 2,120 | 2,299 | 1,691 | 2,809 | 2,323 | 2,349 |
| Total | 4,981 | 3,844 | 3,155 | 3,270 | 4,503 | 4,033 | 4,476 | 3,215 | 5,493 | 4,558 | 4,641 |
Imports by Country
In 2023, the United States (40 tons) constituted the largest straight saw blade supplier to Hong Kong, accounting for a 27% share of total imports. Moreover, straight saw blade imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (16 tons), twofold. the UK (5 tons) ranked third in terms of total imports with a 3.4% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from the United States amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-9.3% per year) and the UK (+15.3% per year).
In value terms, the United States ($1.3M) constituted the largest supplier of straight saw blades for working metal to Hong Kong, comprising 27% of total imports. The second position in the ranking was taken by Switzerland ($514K), with an 11% share of total imports. It was followed by the UK, with a 3.4% share.
From 2013 to 2023, the average annual growth rate of value from the United States stood at +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-6.6% per year) and the UK (+18.7% per year).
Import Prices by Country
In 2023, the straight saw blade price stood at $31,446 per ton (CIF, Hong Kong), rising by 25% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2020 when the average import price increased by 29%. The import price peaked in 2023 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were China ($31,456 per ton) and Thailand ($31,451 per ton), while the price for Singapore ($31,443 per ton) and Switzerland ($31,445 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the straight saw blade market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25732093 - Straight saw blades for working metal
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Products: Market Size and Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports and Growth, By Type
- Products: Export Prices and Growth, By Type
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
