Asia-Pacific: Band Saw Blade Market 2025

Band Saw Blade Market Size in Asia-Pacific

The Asia-Pacific band saw blade market expanded modestly to $X in 2021, with an increase of 4.1% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Band Saw Blade Production in Asia-Pacific

In value terms, band saw blade production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 18%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Band Saw Blade Exports

Exports in Asia-Pacific

In 2021, overseas shipments of band saw blades increased by 25% to X tons for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, band saw blade exports soared to $X in 2021. The total export value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the main exporter of band saw blades, generating 62% of total exports. It was distantly followed by Japan (X tons) and India (X tons), together constituting a 28% share of total exports. The following exporters - the Philippines (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) - together made up 8.2% of total exports.

From 2012 to 2021, average annual rates of growth with regard to band saw blade exports from China stood at -11.6%. At the same time, Taiwan (Chinese) (+9.8%), the Philippines (+5.1%) and Japan (+2.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.8% from 2012-2021. By contrast, India (-4.7%) and Singapore (-7.9%) illustrated a downward trend over the same period. Japan (+14 p.p.), the Philippines (+2.5 p.p.), India (+2.1 p.p.) and Taiwan (Chinese) (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -21.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and the Philippines ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 87% share of total exports. Singapore, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further 10%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +8.6%, 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 export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by 32% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the other leaders experienced more modest paces of growth.

Band Saw Blade Imports

Imports in Asia-Pacific

In 2021, purchases abroad of band saw blades was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 20%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, band saw blade imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons) and China (X tons) represented the key importers of band saw blades in 2021, resulting at near 30% and 20% of total imports, respectively. South Korea (X tons) ranks next in terms of the total imports with a 9.8% share, followed by Indonesia (8.6%), Vietnam (6.5%), Thailand (4.9%) and Taiwan (Chinese) (4.7%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +4.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest band saw blade importing markets in Asia-Pacific were China ($X), India ($X) and South Korea ($X), with a combined 59% share of total imports. These countries were followed by Taiwan (Chinese), Thailand, Vietnam, Indonesia and Malaysia, which together accounted for a further 23%.

Among the main importing countries, Vietnam, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 2.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 6.9% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :