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I have a number of lightweight, collapsible saws for camping, backpacking, etc., including the well-known Sven folding bow-saw, which, at half this price, is twice the weight and 21 inches long, so not really ultralight.
However, I also have a "pocket chainsaw" made by Green Mountain, the Chainmate CM-24SSP, which, at the same 24 inches as this Nordic saw, is one ounce more at a retail of $25, and currently sells on a well-known commerce site named after a long South American river for $5.
So, while shaving an extra ounce and some leather seems like it would likely cost a bit more, I'm still struggling to understand how this is supposed to be a good deal at anywhere between 3x and 15x the price, depending on how you reckon it. "It's Swedish!" doesn't really seem like a sufficient explanation.
I won't argue about price (I bought original version of Nordic Pocket Saw for $32 here) but Chainmate CM-24SSP isn't really the same. It has teeth on every third link - Nordic pocket chainsaw has teeth on every link with particular shape and pattern and they say it increases efficiency (can't confirm, never used Chainmate pocket saw). Also, these chainsaws can be made from different steel (Chainmate description doesn't specify this).