Singapore: Band Saw Blade Market 2025

Band Saw Blade Market Size in Singapore

The Singaporean band saw blade market soared to $X in 2021, jumping by 91% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +91.7% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Band Saw Blade Production in Singapore

In value terms, band saw blade production rose markedly to $X in 2021 estimated in export price. Over the period under review, production posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 185%. Band saw blade production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Band Saw Blade Exports

Exports from Singapore

In 2021, band saw blade exports from Singapore dropped markedly to X tons, falling by -18% against the previous year's figure. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 62% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, band saw blade exports surged to $X in 2021. Overall, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of 60% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for band saw blade exports from Singapore, accounting for a 69% share of total exports. Moreover, band saw blade exports to Indonesia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by Malaysia (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+16.3% per year) and Malaysia (-15.8% per year).

In value terms, the largest markets for band saw blade exported from Singapore were Taiwan (Chinese) ($X), Indonesia ($X) and Malaysia ($X), with a combined 88% share of total exports. The United States, the Philippines and Thailand lagged somewhat behind, together accounting for a further 5.5%.

Among the main countries of destination, the United States, with a CAGR of +46.9%, recorded the highest rates of growth with regard to 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

The average band saw blade export price stood at $X per ton in 2021, with an increase of 92% against the previous year. In general, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to Indonesia ($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 Taiwan (Chinese) (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Band Saw Blade Imports

Imports into Singapore

In 2021, the amount of band saw blades imported into Singapore skyrocketed to X tons, with an increase of 38% against 2020 figures. Over the period under review, imports, however, continue to indicate a abrupt downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, band saw blade imports soared to $X in 2021. Overall, imports, however, showed a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of band saw blade imports to Singapore, together comprising 72% of total imports. The United States, the UK, Taiwan (Chinese), France and Sweden lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +31.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the largest band saw blade suppliers to Singapore, with a combined 74% share of total imports. The UK, Japan, Taiwan (Chinese), France and Sweden lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, the UK, with a CAGR of +24.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average band saw blade import price stood at $X per ton in 2021, increasing by 3.4% against the previous year. Overall, the import price, however, saw a mild descent. The growth pace was the most rapid in 2013 an increase of 9.3% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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