Straight Saw Blade Market

The global straight saw blade market is expected to experience a slight increase in consumption and value from 2022 to 2030. Consumption trends show a decrease in recent years, with China, the United States, and India being the top consumers. Production figures also show a reduction in 2022 compared to previous years. Import and export statistics indicate fluctuations in trade volume and value. Key exporting countries include China, Switzerland, and the United States, while the United States, the Netherlands, and Germany are major importers. Overall, the market shows potential for growth in the coming years.

Market Forecast

Driven by rising demand for straight saw blade worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market volume to 26K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $611M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Straight Saw Blades For Working Metal

In 2022, global straight saw blade consumption reduced to 24K tons, with a decrease of -1.6% on the year before. Over the period under review, consumption recorded a abrupt decrease. Global consumption peaked at 66K tons in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global straight saw blade market value shrank slightly to $479M in 2022, which is down by -2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when the market value increased by 1.8% against the previous year. Over the period under review, the global market reached the maximum level at $1.3B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (6.5K tons), the United States (6.3K tons) and India (2.8K tons), with a combined 65% share of global consumption. Brazil, Poland, Mexico and Thailand lagged somewhat behind, together comprising a further 8.5%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of -5.1%), while consumption for the other global leaders experienced a decline in the consumption figures.

In value terms, the United States ($214M) led the market, alone. The second position in the ranking was held by China ($59M). It was followed by India.

In the United States, the straight saw blade market plunged by an average annual rate of -9.5% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: China (-6.9% per year) and India (-7.7% per year).

The countries with the highest levels of straight saw blade per capita consumption in 2022 were the United States (19 kg per 1000 persons), Poland (14 kg per 1000 persons) and Thailand (5.3 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of -4.8%), while consumption for the other global leaders experienced a decline in the per capita consumption figures.

Production

World Production of Straight Saw Blades For Working Metal

In 2022, global straight saw blade production shrank to 24K tons, which is down by -2% on 2021 figures. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3.3% against the previous year. Over the period under review, global production hit record highs at 65K tons in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, straight saw blade production fell to $592M in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 11% against the previous year. Over the period under review, global production attained the maximum level at $1.2B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (9.2K tons), the United States (5.2K tons) and India (2.5K tons), with a combined 70% share of global production. Switzerland, Sweden, Brazil and Poland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Switzerland (with a CAGR of +32.7%), while production for the other global leaders experienced a decline in the production figures.

Imports

World Imports of Straight Saw Blades For Working Metal

In 2022, overseas purchases of straight saw blades for working metal decreased by -6.5% to 10K tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 9.7% against the previous year. Global imports peaked at 12K tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, straight saw blade imports shrank slightly to $215M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports attained the peak of $220M, and then contracted modestly in the following year.

Imports By Country

In 2022, the United States (1.7K tons), distantly followed by the Netherlands (954 tons) were the key importers of straight saw blades for working metal, together committing 26% of total imports. Thailand (450 tons), Belgium (430 tons), India (410 tons), Canada (331 tons), the UK (317 tons), China (309 tons), Malaysia (303 tons), Germany (299 tons), Mexico (295 tons), the United Arab Emirates (259 tons) and Spain (248 tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +15.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($54M) constitutes the largest market for imported straight saw blades for working metal worldwide, comprising 25% of global imports. The second position in the ranking was taken by the Netherlands ($15M), with a 6.9% share of global imports. It was followed by Germany, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +15.7%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-5.1% per year) and Germany (+6.3% per year).

Import Prices By Country

In 2022, the average straight saw blade import price amounted to $21,322 per ton, growing by 5% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($44,664 per ton), while India ($3,678 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Straight Saw Blades For Working Metal

In 2022, the amount of straight saw blades for working metal exported worldwide fell to 10K tons, which is down by -7.3% compared with the year before. Over the period under review, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, the global exports reached the peak figure at 11K tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, straight saw blade exports fell to $220M in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. The global exports peaked at $237M in 2021, and then declined in the following year.

Exports By Country

China (2.9K tons) and Switzerland (2K tons) were the largest exporters of straight saw blades for working metal in 2022, amounting to approx. 29% and 19% of total exports, respectively. It was distantly followed by Sweden (1,029 tons), the Netherlands (681 tons), the United States (589 tons) and Germany (485 tons), together achieving a 27% share of total exports. Poland (348 tons), the UK (345 tons), Belgium (336 tons), Brazil (211 tons), Spain (195 tons) and Taiwan (Chinese) (169 tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Switzerland (with a CAGR of +59.8%), while the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($80M) remains the largest straight saw blade supplier worldwide, comprising 36% of global exports. The second position in the ranking was held by China ($31M), with a 14% share of global exports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Switzerland totaled +35.8%. In the other countries, the average annual rates were as follows: China (+1.1% per year) and Germany (+10.1% per year).

Export Prices By Country

The average straight saw blade export price stood at $21,679 per ton in 2022, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2018 when the average export price increased by 19% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($46,343 per ton), while Poland ($4,671 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform