Eastern Asia: Files And Rasps Market 2025

Files And Rasps Market Size in Eastern Asia

The East Asian files and rasps market declined to $X in 2022, reducing by -6.8% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Files And Rasps Production in Eastern Asia

In value terms, files and rasps production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 23%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Files And Rasps Exports

Exports in Eastern Asia

After two years of growth, shipments abroad of files, rasps and similar tools decreased by -0.7% to X units in 2022. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined slightly in the following year.

In value terms, files and rasps exports reduced modestly to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +27.3% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 97% of total exports in 2022. Taiwan (Chinese) (X units) took a little share of total exports.

China was also the fastest-growing in terms of the files, rasps and similar tools exports, with a CAGR of +2.6% from 2012 to 2022. Taiwan (Chinese) (-3.9%) illustrated a downward trend over the same period. While the share of China (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-1.9 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest files and rasps supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 6.9% share of total exports.

In China, files and rasps exports increased at an average annual rate of +4.4% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2014 when the export price increased by 12%. The level of export peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.1%).

Files And Rasps Imports

Imports in Eastern Asia

For the third year in a row, Eastern Asia recorded growth in supplies from abroad of files, rasps and similar tools, which increased by 0.8% to X units in 2022. Over the period under review, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, files and rasps imports shrank to $X in 2022. In general, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when imports increased by 8.7%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) and Japan (X units) were the main importers of files, rasps and similar tools in Eastern Asia, together committing 55% of total imports. It was distantly followed by Taiwan (Chinese) (X units), South Korea (X units) and Hong Kong SAR (X units), together achieving a 43% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +3.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 81% share of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 18%.

Taiwan (Chinese), with a CAGR of +1.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, dropping by -5.5% against the previous year. In general, the import price, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2019 when the import price increased by 10% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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