GCC: Files And Rasps Market 2025

Files And Rasps Market Size in GCC

The GCC files and rasps market dropped to $X in 2022, with a decrease of -14.7% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +38.8% against 2020 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Files And Rasps Production in GCC

In value terms, files and rasps production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Files And Rasps Exports

Exports in GCC

In 2022, the amount of files, rasps and similar tools exported in GCC soared to X units, increasing by 189% on the year before. In general, exports posted a resilient expansion. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, files and rasps exports rose to $X in 2022. Overall, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 140% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X units, which was approx. 97% of total exports in 2022. Bahrain (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Bahrain (+58.8%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +58.8% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Bahrain increased by +13 and +2.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest files and rasps supplier in GCC, comprising 93% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 5.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +13.5%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, which is down by -63.8% against the previous year. In general, the export price, however, showed a noticeable increase. The pace of growth was the most pronounced in 2021 an increase of 216%. As a result, the export price attained the peak level of $X per unit, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.2%).

Files And Rasps Imports

Imports in GCC

After two years of growth, purchases abroad of files, rasps and similar tools decreased by -17.2% to X units in 2022. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +8.2% 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 +32.4% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 162% against the previous year. The volume of import peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, files and rasps imports contracted to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +7.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 119% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X units, which was near 93% of total imports in 2022. The following importers - Oman (X units) and Bahrain (X units) - each resulted at a 6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to files and rasps imports into the United Arab Emirates stood at +8.2%. At the same time, Oman (+21.9%) and Bahrain (+17.9%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +21.9% from 2012-2022. While the share of Oman (+2.2 p.p.) and Bahrain (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported files, rasps and similar tools in GCC, comprising 89% of total imports. The second position in the ranking was held by Oman ($X), with a 4.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +6.3%. In the other countries, the average annual rates were as follows: Oman (+16.9% per year) and Bahrain (+12.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform