ECOWAS: Band Saw Blade Market 2025

Band Saw Blade Market Size in ECOWAS

The ECOWAS band saw blade market surged to $X in 2021, rising by 17% against the previous year. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.0% against 2019 indices. 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 ECOWAS

In value terms, band saw blade production expanded notably to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.7% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 45%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Band Saw Blade Exports

Exports in ECOWAS

In 2021, band saw blade exports in ECOWAS declined dramatically to X kg, reducing by -65.5% on the previous year's figure. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 212%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, band saw blade exports contracted markedly to $X in 2021. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 103%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cabo Verde was the major exporting country with an export of about X kg, which accounted for 49% of total exports. It was distantly followed by Liberia (X kg), Benin (X kg) and Niger (X kg), together comprising a 47% share of total exports. Nigeria (X kg) held a relatively small share of total exports.

Cabo Verde was also the fastest-growing in terms of the band saw blades exports, with a CAGR of +37.2% from 2012 to 2021. Benin experienced a relatively flat trend pattern. Liberia (-12.0%), Nigeria (-17.7%) and Niger (-24.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cabo Verde, Liberia and Benin increased by +48, +23 and +19 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cabo Verde ($X), Benin ($X) and Liberia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 93% share of total exports.

Among the main exporting countries, Cabo Verde, with a CAGR of +37.1%, 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 ECOWAS amounted to $X per ton, rising by 13% against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2018 an increase of 102%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

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 Benin ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+2.9%), while the other leaders experienced a decline in the export price figures.

Band Saw Blade Imports

Imports in ECOWAS

In 2021, the amount of band saw blades imported in ECOWAS skyrocketed to X tons, growing by 54% against 2020 figures. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 95% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, band saw blade imports soared to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Nigeria (X tons) and Ghana (X tons) prevails in imports structure, together committing 89% of total imports. It was distantly followed by Senegal (X tons), generating a 5.9% share of total imports. Cote d'Ivoire (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 main importing countries, was attained by Senegal (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported band saw blades in ECOWAS, comprising 66% of total imports. The second position in the ranking was taken by Senegal ($X), with a 14% share of total imports. It was followed by Nigeria, with a 9.2% share.

In Ghana, band saw blade imports increased at an average annual rate of +15.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (+46.5% per year) and Nigeria (-16.6% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 138%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform