Band Saw Blade Market

The band saw blade market is expected to see a positive trend in consumption and value terms from 2022 to 2030, with a forecasted CAGR of +1.5% for consumption and +3.8% for market value. China, the United States, and India are the top consumers, while China leads in production. The United States is the largest importer and exporter, with Germany also playing a significant role. Import and export prices fluctuate, with the average export price declining in 2022. Overall, the market is projected to continue growing in the coming years, with key exporting countries like Germany and China leading the way.

Market Forecast

Driven by increasing demand for band saw blades worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 138K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $2.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Band Saw Blades

Global band saw blade consumption dropped to 123K tons in 2022, declining by -2.6% compared with the previous year's figure. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the consumption volume increased by 8.3% against the previous year. As a result, consumption attained the peak volume of 138K tons. From 2020 to 2022, the growth of the global consumption remained at a lower figure.

The global band saw blade market size declined slightly to $1.6B in 2022, which is down by -2.1% 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). The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Global consumption peaked at $1.8B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (27K tons), the United States (18K tons) and India (12K tons), with a combined 47% share of global consumption. Japan, Russia, Brazil, the UK, Turkey, Mexico, Democratic Republic of the Congo and Canada lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +8.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($419M) led the market, alone. The second position in the ranking was held by China ($175M). It was followed by Japan.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +1.8%. In the other countries, the average annual rates were as follows: China (+6.6% per year) and Japan (-3.5% per year).

The countries with the highest levels of band saw blade per capita consumption in 2022 were the UK (70 kg per 1000 persons), Canada (55 kg per 1000 persons) and the United States (53 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the UK (with a CAGR of +6.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Band Saw Blades

In 2022, the amount of band saw blades produced worldwide dropped slightly to 122K tons, remaining constant against the previous year's figure. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 7.5% against the previous year. As a result, production attained the peak volume of 134K tons. From 2020 to 2022, global production growth failed to regain momentum.

In value terms, band saw blade production expanded markedly to $1.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15% against the previous year. Global production peaked in 2022 and is expected to retain growth in years to come.

Production By Country

The country with the largest volume of band saw blade production was China (34K tons), accounting for 28% of total volume. Moreover, band saw blade production in China exceeded the figures recorded by the second-largest producer, the United States (16K tons), twofold. Germany (11K tons) ranked third in terms of total production with a 9.2% share.

In China, band saw blade production plunged by an average annual rate of -2.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (-1.4% per year) and Germany (-0.2% per year).

Imports

World Imports of Band Saw Blades

In 2022, approx. 49K tons of band saw blades were imported worldwide; growing by 2.3% against 2021 figures. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, band saw blade imports fell modestly to $772M 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 remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of $780M, leveling off in the following year.

Imports By Country

The purchases of the twelve major importers of band saw blades, namely the United States, India, Russia, Italy, Poland, China, the Netherlands, Germany, Canada, Belarus, South Korea and Mexico, represented more than half of total import. Turkey (1.3K tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus (with a CAGR of +19.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($99M) constitutes the largest market for imported band saw blades worldwide, comprising 13% of global imports. The second position in the ranking was taken by Russia ($43M), with a 5.6% share of global imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +3.0%. In the other countries, the average annual rates were as follows: Russia (-0.2% per year) and Germany (+3.1% per year).

Import Prices By Country

The average band saw blade import price stood at $15,609 per ton in 2022, waning by -3.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 3.9%. Over the period under review, average import prices hit record highs at $16,292 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($24,786 per ton), while India ($8,103 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Band Saw Blades

In 2022, shipments abroad of band saw blades increased by 9% to 49K tons, rising for the second consecutive year after seven years of decline. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, the global exports reached the peak figure at 53K tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, band saw blade exports rose to $766M in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports By Country

Germany (11K tons) and China (8.6K tons) represented roughly 41% of total exports in 2022. Poland (3.1K tons) ranks next in terms of the total exports with a 6.4% share, followed by the United States (5.7%), Belarus (5.5%) and Sweden (4.9%). Japan (2K tons), the Netherlands (2K tons), Italy (1.7K tons), Kazakhstan (1.4K tons), the UK (1.4K tons), Austria (1.3K tons) and Mexico (1.1K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kazakhstan (with a CAGR of +153.9%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($247M) remains the largest band saw blade supplier worldwide, comprising 32% of global exports. The second position in the ranking was taken by the United States ($92M), with a 12% share of global exports. It was followed by China, with an 11% share.

In Germany, band saw blade exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-1.7% per year) and China (+7.4% per year).

Export Prices By Country

The average band saw blade export price stood at $15,764 per ton in 2022, declining by -6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2016 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $16,887 per ton in 2021, and then shrank in the following year.

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 the United States ($33,021 per ton), while Kazakhstan ($2,473 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform