China: Files And Rasps Market 2024

Files And Rasps Market Size in China

In 2022, the Chinese files and rasps market decreased by -0.3% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption, however, recorded a relatively flat trend pattern. Files and rasps consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Files And Rasps Production in China

In value terms, files and rasps production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Files And Rasps Exports

Exports from China

After two years of growth, shipments abroad of files, rasps and similar tools decreased by -0.6% to X units in 2022. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 22%. Over the period under review, the exports hit record highs at X units in 2021, and then fell in the following year.

In value terms, files and rasps exports reduced slightly to $X in 2022. In general, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

The United States (X units), Mexico (X units) and Indonesia (X units) were the main destinations of files and rasps exports from China, together accounting for 35% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +28.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for files, rasps and similar tools exports from China, comprising 16% of total exports. The second position in the ranking was taken by Germany ($X), with a 5.7% share of total exports. It was followed by the Netherlands, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.1% per year) and the Netherlands (+7.3% per year).

Export Prices by Country

The average files and rasps export price stood at $X per unit in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2014 when the average export price increased by 12% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Mexico ($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 Thailand (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Files And Rasps Imports

Imports into China

Files and rasps imports into China surged to X units in 2022, jumping by 20% on the year before. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +85.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, files and rasps imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2016 when imports increased by 21%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Switzerland (X units) constituted the largest files and rasps supplier to China, accounting for a 49% share of total imports. Moreover, files and rasps imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Japan (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from Switzerland amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.0% per year) and Japan (+4.1% per year).

In value terms, Switzerland ($X) constituted the largest supplier of files, rasps and similar tools to China, comprising 36% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Japan, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.1% per year) and Japan (+0.0% per year).

Import Prices by Country

The average files and rasps import price stood at $X per unit in 2022, reducing by -18.1% against the previous year. Overall, the import price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2015 an increase of 11%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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