Philippines: Band Saw Blade Market 2024

Band Saw Blade Market Size in the Philippines

In 2022, the Philippine band saw blade market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Band Saw Blade Production in the Philippines

In value terms, band saw blade production reduced slightly to $X in 2022 estimated in export price. In general, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Band saw blade production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Band Saw Blade Exports

Exports from the Philippines

In 2022, band saw blade exports from the Philippines dropped significantly to X tons, which is down by X% on 2021. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, band saw blade exports contracted sharply to $X in 2022. Overall, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main destinations of band saw blade exports from the Philippines, with a combined X% share of total exports. These countries were followed by Romania, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for band saw blade exported from the Philippines were Japan ($X), China ($X) and the United States ($X), with a combined X% share of total exports. Romania lagged somewhat behind, comprising a further X%.

In terms of the main countries of destination, Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average band saw blade export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, posted a modest increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and Japan ($X per ton), while the average price for exports to China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Band Saw Blade Imports

Imports into the Philippines

In 2022, imports of band saw blades into the Philippines declined to X tons, with a decrease of X% on the year before. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, band saw blade imports dropped remarkably to $X in 2022. In general, imports, however, showed mild growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), Germany (X tons) and China (X tons) were the main suppliers of band saw blade imports to the Philippines, with a combined X% share of total imports. The United States, the UK, Thailand, Taiwan (Chinese), Singapore, the Netherlands, Indonesia, Brazil, South Korea and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest band saw blade suppliers to the Philippines were Japan ($X), Germany ($X) and China ($X), together comprising X% of total imports. The United States, the UK, Thailand, Taiwan (Chinese), Singapore, the Netherlands, Indonesia, Brazil, South Korea and Sweden lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average band saw blade import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Sweden ($X per ton), while the price for Thailand ($X per ton) and the UK ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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