ASEAN: Hand Saw Market 2024

Hand Saw Market Size in ASEAN

The ASEAN hand saw market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Hand Saw Production in ASEAN

In value terms, hand saw production reached $X in 2022 estimated in export price. Overall, production, however, saw a pronounced slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hand Saw Exports

Exports in ASEAN

In 2022, shipments abroad of hand saws increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, hand saw exports expanded markedly to $X in 2022. In general, exports showed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Vietnam prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with an X% share, followed by Thailand (X%).

Vietnam was also the fastest-growing in terms of the hand saws exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest hand saw supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Hand Saw Imports

Imports in ASEAN

In 2022, the amount of hand saws imported in ASEAN shrank to X tons, which is down by X% on the previous year. Overall, imports, however, showed tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hand saw imports reduced to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) was the major importer of hand saws, committing X% of total imports. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Myanmar (X%) and Malaysia (X%). Singapore (X tons) and Vietnam (X tons) held a relatively small share of total imports.

Indonesia experienced a relatively flat trend pattern with regard to volume of imports of hand saws. At the same time, Myanmar (X%), Vietnam (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Vietnam and Thailand increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hand saw importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Singapore ($X), together accounting for X% of total imports. Vietnam, Malaysia and Myanmar lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a tangible increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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