Southern Asia: Band Saw Blade Market 2024

Band Saw Blade Market Size in Southern Asia

The South Asian band saw blade market totaled $X in 2023, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Band Saw Blade Production in Southern Asia

In value terms, band saw blade production shrank slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Band Saw Blade Exports

Exports in Southern Asia

Band saw blade exports fell to X tons in 2023, waning by X% on the previous year. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, band saw blade exports surged to $X in 2023. Overall, exports, however, showed modest growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the band saw blades exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest band saw blade supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Band Saw Blade Imports

Imports in Southern Asia

In 2023, purchases abroad of band saw blades increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, band saw blade imports rose rapidly to $X in 2023. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the near future.

Imports by Country

India prevails in imports structure, amounting to X tons, which was near X% of total imports in 2023. The following importers - Sri Lanka (X tons) and Bangladesh (X tons) - each accounted for a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to band saw blade imports into India stood at X%. At the same time, Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported band saw blades in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports.

In India, band saw blade imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform