MENA: Band Saw Blade Market 2024

Band Saw Blade Market Size in MENA

The MENA's band saw blade market shrank sharply to $X in 2023, dropping by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then contracted sharply in the following year.

Band Saw Blade Production in MENA

In value terms, band saw blade production fell slightly to $X in 2023 estimated in export price. In general, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Band Saw Blade Exports

Exports in MENA

In 2023, band saw blade exports in MENA soared to X tons, jumping by X% against the year before. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, band saw blade exports skyrocketed to $X in 2023. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Turkey was the main exporter of band saw blades in MENA, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports. Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to band saw blade exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates and Turkey increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest band saw blade supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, band saw blade exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Lebanon (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Band Saw Blade Imports

Imports in MENA

In 2023, purchases abroad of band saw blades increased by X% to X tons, rising for the sixth consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, band saw blade imports expanded slightly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

Turkey was the largest importer of band saw blades in MENA, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. The United Arab Emirates (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%), Iran (X%) and Israel (X%). Egypt (X tons), Morocco (X tons) and Oman (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to band saw blade imports into Turkey stood at X%. At the same time, Oman (X%), Morocco (X%), the United Arab Emirates (X%), Egypt (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Iran (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Iran (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported band saw blades in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform