South-Eastern Asia: Band Saw Blade Market 2024

Band Saw Blade Market Size in South-Eastern Asia

In 2021, the Southeast Asian band saw blade market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Band Saw Blade Production in South-Eastern Asia

In value terms, band saw blade production expanded remarkably to $X in 2021 estimated in export price. Overall, production posted a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 100% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Band Saw Blade Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of band saw blades decreased by -3.2% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2019 with an increase of 75% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, band saw blade exports skyrocketed to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 73% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) and Singapore (X tons) prevails in exports structure, together achieving 90% of total exports. It was distantly followed by Malaysia (X tons), creating an 8.3% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +6.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the Philippines ($X), Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

Among the main exporting countries, Malaysia, with a CAGR of +7.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.5%), while the other leaders experienced more modest paces of growth.

Band Saw Blade Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of band saw blades increased by 19% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a mild slump. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, band saw blade imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and Thailand (X tons) represented roughly 76% of total imports in 2021. Malaysia (X tons) took the next position in the ranking, followed by Singapore (X tons). All these countries together took approx. 21% share of total imports. The Philippines (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +4.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 70% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +9.9%, saw 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 import price in South-Eastern Asia stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($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 Philippines (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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