Saudi Arabia: Band Saw Blade Market 2024

Band Saw Blade Market Size in Saudi Arabia

In 2021, after two years of growth, there was significant decline in the Saudi band saw blade market, when its value decreased by -15.3% to $X. Over the period under review, consumption, however, posted a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted markedly in the following year.

Band Saw Blade Production in Saudi Arabia

In value terms, band saw blade production dropped rapidly to $X in 2021 estimated in export price. In general, production, however, showed strong growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 121%. Band saw blade production peaked at $X in 2020, and then fell dramatically in the following year.

Band Saw Blade Exports

Exports from Saudi Arabia

In 2021, approx. X kg of band saw blades were exported from Saudi Arabia; reducing by -50% against the previous year. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 457% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, band saw blade exports fell sharply to $X in 2021. In general, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 756% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X kg) was the main destination for band saw blade exports from Saudi Arabia, with a 40% share of total exports. Moreover, band saw blade exports to Oman exceeded the volume sent to the second major destination, Ethiopia (X kg), twofold. The third position in this ranking was taken by Turkey (X kg), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +136.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-11.6% per year) and Turkey (0.0% per year).

In value terms, Oman ($X), Ethiopia ($X) and Turkey ($X) appeared to be the largest markets for band saw blade exported from Saudi Arabia worldwide, with a combined 63% share of total exports.

In terms of the main countries of destination, Oman, with a CAGR of +7.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average band saw blade export price amounted to $X per ton, declining by -47.3% against the previous year. Overall, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of 73% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Senegal ($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 Guinea (+5,934.1%), while the prices for the other major destinations experienced mixed trend patterns.

Band Saw Blade Imports

Imports into Saudi Arabia

After four years of growth, purchases abroad of band saw blades decreased by -12.9% to X tons in 2021. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 65%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, band saw blade imports rose modestly to $X in 2021. Overall, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2014 with an increase of 40%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of band saw blade imports to Saudi Arabia, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest band saw blade suppliers to Saudi Arabia were Germany ($X), Italy ($X) and the United States ($X), with a combined 50% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +6.8%, recorded the highest rates of growth with regard to 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

The average band saw blade import price stood at $X per ton in 2021, surging by 20% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 23% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :