Bangladesh: Files And Rasps Market 2025

Files And Rasps Exports

Exports from Bangladesh

In 2022, files and rasps exports from Bangladesh reduced markedly to X units, which is down by -84.2% on the previous year's figure. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2,410% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, files and rasps exports shrank notably to $X in 2022. Overall, exports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 1,940%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units), Poland (X units) and Ireland (X units) were the main destinations of files and rasps exports from Bangladesh, with a combined 88% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +2.3%), while the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) emerged as the key foreign market for files, rasps and similar tools exports from Bangladesh, comprising 65% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland totaled -54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-7.4% per year) and Ireland (0.0% per year).

Export Prices by Country

The average files and rasps export price stood at $X per unit in 2022, surging by 232% against the previous year. Overall, the export price showed a measured increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+40.2%).

Files And Rasps Imports

Imports into Bangladesh

In 2022, after two years of growth, there was significant decline in supplies from abroad of files, rasps and similar tools, when their volume decreased by -17.2% to X units. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 62%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, files and rasps imports dropped rapidly to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +31.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 61% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India (X units), Hong Kong SAR (X units) and China (X units) were the main suppliers of files and rasps imports to Bangladesh, together accounting for 88% of total imports. These countries were followed by Spain and Indonesia, which together accounted for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +75.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of files, rasps and similar tools to Bangladesh, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Hong Kong SAR, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.8% per year) and Hong Kong SAR (-0.4% per year).

Import Prices by Country

The average files and rasps import price stood at $X per unit in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2013 when the average import price increased by 22%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for Spain (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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