Middle East: Band Saw Blade Market 2024

Band Saw Blade Market Size in the Middle East

The Middle Eastern band saw blade market rose sharply to $X in 2021, picking up by 7.8% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.5% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Band Saw Blade Production in the Middle East

In value terms, band saw blade production shrank slightly to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 47%. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Band Saw Blade Exports

Exports in the Middle East

In 2021, band saw blade exports in the Middle East totaled X tons, increasing by 4.7% against 2020 figures. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 215% against the previous year. 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, band saw blade exports surged to $X in 2021. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 279% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X tons) represented the main exporter of band saw blades, creating 60% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 23% share, followed by Israel (14%). Lebanon (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to band saw blade exports from Turkey stood at +7.1%. At the same time, Israel (+102.4%), the United Arab Emirates (+9.5%) and Lebanon (+2.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +102.4% from 2012-2021. While the share of Israel (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Lebanon (-2.2 p.p.) and Turkey (-10.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest band saw blade supplier in the Middle East, comprising 64% of total exports. The second position in the ranking was held by Israel ($X), with a 21% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +14.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+91.1% per year) and the United Arab Emirates (-2.8% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, surging by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2018 when the export price increased by 25%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Band Saw Blade Imports

Imports in the Middle East

In 2021, imports of band saw blades in the Middle East surged to X tons, increasing by 19% against the previous year. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 increased by +55.5% against 2016 indices. As a result, imports reached 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 +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some 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

Turkey represented the main importer of band saw blades in the Middle East, with the volume of imports recording X tons, which was near 49% of total imports in 2021. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 16% share, followed by Saudi Arabia (12%), Iran (9.2%) and Israel (4.5%). The following importers - Syrian Arab Republic (X tons) and Oman (X tons) - each resulted at a 4.6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to band saw blade imports into Turkey stood at +5.9%. At the same time, Oman (+27.4%), Syrian Arab Republic (+16.1%), the United Arab Emirates (+8.0%), Saudi Arabia (+5.8%) and Iran (+2.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +27.4% from 2012-2021. Israel experienced a relatively flat trend pattern. While the share of the United Arab Emirates (+2.8 p.p.) and Oman (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Israel (-3.1 p.p.) and Iran (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported band saw blades in the Middle East, comprising 53% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by Iran, with an 8.8% share.

In Turkey, band saw blade imports increased at an average annual rate of +4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+8.7% per year) and Iran (+2.2% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, growing by 13% against the previous year. In general, the import price, however, recorded a slight slump. The level of import peaked at $X per ton in 2012; however, from 2013 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 Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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