India: Straight Saw Blade Market 2024

Straight Saw Blade Market Size in India

The Indian straight saw blade market soared to $X in 2021, growing by 30% against the previous year. In general, consumption, however, continues to indicate a drastic downturn. Straight saw blade consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Straight Saw Blade Production in India

In value terms, straight saw blade production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by 52% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Straight Saw Blade Exports

Exports from India

In 2021, the amount of straight saw blades for working metal exported from India surged to X tons, growing by 70% against 2020. Overall, exports recorded pronounced growth. The pace of growth appeared the most rapid in 2019 with an increase of 913% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, straight saw blade exports soared to $X in 2021. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 1,208% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons), Malawi (X tons) and the United States (X tons) were the main destinations of straight saw blade exports from India, together comprising 46% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malawi (with a CAGR of +105.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for straight saw blade exported from India were the UK ($X), Oman ($X) and the United States ($X), with a combined 37% share of total exports. These countries were followed by New Zealand, Panama, Australia, Germany, Vietnam, Malawi, the United Arab Emirates, Nepal, Sri Lanka and Rwanda, which together accounted for a further 43%.

Malawi, with a CAGR of +98.0%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, waning by -15.1% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 decreased by -28.0% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 29%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Rwanda ($X per ton), while the average price for exports to Malawi ($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 Rwanda (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Straight Saw Blade Imports

Imports into India

In 2021, purchases abroad of straight saw blades for working metal increased by 19% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, saw a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, straight saw blade imports reached $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest straight saw blade supplier to India, with a 67% share of total imports. Moreover, straight saw blade imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-19.3% per year) and Mexico (-0.5% per year).

In value terms, the largest straight saw blade suppliers to India were China ($X), Mexico ($X) and Japan ($X), with a combined 75% share of total imports. Brazil and Italy lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Brazil, with a CAGR of +39.0%, recorded the highest growth rate of 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 average straight saw blade import price amounted to $X per ton, falling by -14.6% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price 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. The pace of growth appeared the most rapid in 2018 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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