SADC: Files And Rasps Market 2024

Files And Rasps Market Size in SADC

The SADC files and rasps market plummeted to $X in 2022, with a decrease of -18.2% against the previous year. In general, consumption recorded a slight decline. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Files And Rasps Production in SADC

In value terms, files and rasps production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Files And Rasps Exports

Exports in SADC

In 2022, overseas shipments of files, rasps and similar tools decreased by -8.6% to X units, falling for the second year in a row after two years of growth. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 7.5%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, files and rasps exports surged to $X in 2022. Over the period under review, exports recorded a perceptible curtailment. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, finishing at X units, which was near 95% of total exports in 2022. Tanzania (X units) held a minor share of total exports.

Exports from South Africa decreased at an average annual rate of -8.8% from 2012 to 2022. At the same time, Tanzania (+29.6%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of +29.6% from 2012-2022. From 2012 to 2022, the share of South Africa and Tanzania increased by +15 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest files and rasps supplier in SADC, comprising 96% of total exports. The second position in the ranking was held by Tanzania ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, surging by 31% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, files and rasps export price increased by +64.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 41% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Tanzania totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.9%).

Files And Rasps Imports

Imports in SADC

In 2022, approx. X units of files, rasps and similar tools were imported in SADC; waning by -34.5% on 2021. Over the period under review, imports saw a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, files and rasps imports contracted to $X in 2022. In general, imports saw a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X units) and Tanzania (X units) represented roughly 62% of total imports in 2022. It was distantly followed by Botswana (X units) and Mozambique (X units), together creating a 16% share of total imports. The following importers - Angola (X units), Zimbabwe (X units), Namibia (X units), Democratic Republic of the Congo (X units), Swaziland (X units) and Zambia (X units) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for Botswana (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported files, rasps and similar tools in SADC, comprising 38% of total imports. The second position in the ranking was held by Tanzania ($X), with a 14% share of total imports. It was followed by Mozambique, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled -1.8%. In the other countries, the average annual rates were as follows: Tanzania (-9.5% per year) and Mozambique (+15.8% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, growing by 33% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, 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 Angola ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform