Thailand: Band Saw Blade Market 2024

Band Saw Blade Market Size in Thailand

In 2022, after two years of growth, there was significant decline in the Thai band saw blade market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Band Saw Blade Exports

Exports from Thailand

In 2022, overseas shipments of band saw blades were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, faced a sharp decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, band saw blade exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for band saw blade exports from Thailand, with a X% share of total exports. Moreover, band saw blade exports to Vietnam exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X kg), threefold. Cambodia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Cambodia (X% per year).

In value terms, the largest markets for band saw blade exported from Thailand were Japan ($X), Vietnam ($X) and Lao People's Democratic Republic ($X), with a combined X% share of total exports. Cambodia, Myanmar, Uganda and Maldives lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average band saw blade export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

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

Band Saw Blade Imports

Imports into Thailand

After two years of growth, purchases abroad of band saw blades decreased by X% to X tons in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume 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 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, band saw blade imports shrank to $X in 2022. Overall, imports showed a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of band saw blade imports to Thailand, with a combined X% share of total imports. Japan, the United States, Malaysia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of band saw blades to Thailand, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average band saw blade import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X 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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :