Vietnam: Band Saw Blade Market 2024

Band Saw Blade Market Size in Vietnam

The Vietnamese band saw blade market soared to $X in 2022, jumping by X% 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). In general, consumption posted resilient growth. Band saw blade consumption peaked in 2022 and is likely to continue growth in years to come.

Band Saw Blade Exports

Exports from Vietnam

After two years of decline, overseas shipments of band saw blades increased by X% to X tons in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, band saw blade exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Taiwan (Chinese) (X kg) and Cambodia (X kg) were the main destinations of band saw blade exports from Vietnam, together comprising X% of total exports. Indonesia, the United States, Costa Rica, the Philippines and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for band saw blade exported from Vietnam were China ($X), Taiwan (Chinese) ($X) and Cambodia ($X), with a combined X% share of total exports. Indonesia, the United States, Costa Rica, the Philippines and Australia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average band saw blade export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, recorded a slight setback. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Costa Rica ($X per ton), while the average price for exports to China ($X per ton) and Cambodia ($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 Myanmar (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Band Saw Blade Imports

Imports into Vietnam

In 2022, purchases abroad of band saw blades increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, band saw blade imports soared to $X in 2022. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of band saw blade imports to Vietnam, with a combined X% share of total imports. Germany, Mexico, Italy, Taiwan (Chinese) and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Japan ($X) and South Korea ($X) were the largest band saw blade suppliers to Vietnam, together comprising X% of total imports. Germany, Mexico, Italy, Taiwan (Chinese) and Sweden lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, 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. Over the period under review, the import price saw a mild setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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