Eastern Asia: Band Saw Blade Market 2024

Band Saw Blade Market Size in Eastern Asia

The East Asian band saw blade market reached $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. 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 Eastern Asia

In value terms, band saw blade production reached $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Band Saw Blade Exports

Exports in Eastern Asia

In 2021, shipments abroad of band saw blades was finally on the rise to reach X tons after seven years of decline. Over the period under review, exports, however, saw a deep reduction. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, band saw blade exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of band saw blades in Eastern Asia, with the volume of exports finishing at X tons, which was near 72% of total exports in 2021. It was distantly followed by Japan (X tons), committing a 24% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

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%) and Japan (+2.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +9.8% from 2012-2021. From 2012 to 2021, the share of Japan and Taiwan (Chinese) increased by +17 and +1.8 percentage points, respectively.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of +8.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2016 when the export price increased by 33%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($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 a decline in the export price figures.

Band Saw Blade Imports

Imports in Eastern Asia

In 2021, after two years of decline, there was growth in supplies from abroad of band saw blades, when their volume increased by 4% to X tons. Overall, imports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, band saw blade imports rose significantly to $X in 2021. In general, imports, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 20%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China represented the largest importer of band saw blades in Eastern Asia, with the volume of imports finishing at X tons, which was approx. 54% of total imports in 2021. South Korea (X tons) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (13%) and Japan (6.5%).

From 2012 to 2021, average annual rates of growth with regard to band saw blade imports into China stood at -3.7%. South Korea experienced a relatively flat trend pattern. Taiwan (Chinese) (-1.1%) and Japan (-2.3%) illustrated a downward trend over the same period. While the share of South Korea (+4.6 p.p.) and Taiwan (Chinese) (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported band saw blades in Eastern Asia, comprising 52% of total imports. The second position in the ranking was held by South Korea ($X), with a 25% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -3.5%. In the other countries, the average annual rates were as follows: South Korea (-2.2% per year) and Taiwan (Chinese) (-0.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 1.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 5.8% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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