Canada: Straight Saw Blade Market 2024

Straight Saw Blade Market Size in Canada

The Canadian straight saw blade market surged to $X in 2021, with an increase of 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.3% against 2013 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Straight Saw Blade Exports

Exports from Canada

In 2021, exports of straight saw blades for working metal from Canada fell dramatically to X kg, reducing by -93.9% on the year before. Over the period under review, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 206%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, straight saw blade exports shrank rapidly to $X in 2021. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 215% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for straight saw blade exports from Canada, accounting for a 58% share of total exports. Moreover, straight saw blade exports to China exceeded the volume sent to the second major destination, the United States (X kg), twofold. The third position in this ranking was held by Costa Rica (X kg), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-31.7% per year) and Costa Rica (+18.0% per year).

In value terms, China ($X), the United States ($X) and Costa Rica ($X) constituted the largest markets for straight saw blade exported from Canada worldwide, with a combined 90% share of total exports.

Among the main countries of destination, China, with a CAGR of +37.8%, recorded the highest rates of growth with regard to 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 average straight saw blade export price stood at $X per ton in 2021, with an increase of 49% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, straight saw blade export price increased by +36.1% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Straight Saw Blade Imports

Imports into Canada

Straight saw blade imports into Canada expanded rapidly to X tons in 2021, surging by 5.3% compared with the year before. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, straight saw blade imports surged to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.0% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Switzerland (X tons) and China (X tons) were the main suppliers of straight saw blade imports to Canada, together comprising 88% of total imports. Brazil, Taiwan (Chinese) and Sweden lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +62.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest straight saw blade suppliers to Canada were the United States ($X), Switzerland ($X) and China ($X), with a combined 88% share of total imports. These countries were followed by Brazil, Taiwan (Chinese) and Sweden, which together accounted for a further 7.4%.

In terms of the main suppliers, Brazil, with a CAGR of +66.1%, saw 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

The average straight saw blade import price stood at $X per ton in 2021, increasing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Sweden ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Switzerland ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :