Latin America and the Caribbean: Band Saw Blade Market 2024

Band Saw Blade Market Size in Latin America and the Caribbean

The Latin American band saw blade market expanded significantly to $X in 2021, increasing by 9.9% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Band Saw Blade Production in Latin America and the Caribbean

In value terms, band saw blade production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Band Saw Blade Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of band saw blades increased by 83% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, band saw blade exports surged to $X in 2021. Overall, exports showed a notable increase. The pace of growth appeared the most rapid in 2016 with an increase of 73%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Mexico (X tons) and Brazil (X tons) was the largest exporter of band saw blades in Latin America and the Caribbean, generating 99% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of +17.6%).

In value terms, the largest band saw blade supplying countries in Latin America and the Caribbean were Brazil ($X) and Mexico ($X).

Among the main exporting countries, Brazil, with a CAGR of +15.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, waning by -24.3% against the previous year. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by 54%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-1.9%).

Band Saw Blade Imports

Imports in Latin America and the Caribbean

In 2021, approx. X tons of band saw blades were imported in Latin America and the Caribbean; picking up by 71% compared with the previous year's figure. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, band saw blade imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons), distantly followed by Brazil (X tons), Chile (X tons), Argentina (X tons), Peru (X tons) and Colombia (X tons) represented the key importers of band saw blades, together comprising 82% of total imports. Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported band saw blades in Latin America and the Caribbean, comprising 44% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by Chile, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+1.5% per year) and Chile (+3.5% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -16.3% against the previous year. Over the period under review, the import price saw a slight setback. The most prominent rate of growth was recorded in 2015 an increase of 23%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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