Singapore: Files And Rasps Market 2025

Files And Rasps Exports

Exports from Singapore

In 2022, approx. X units of files, rasps and similar tools were exported from Singapore; with a decrease of -5.7% compared with 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 73%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, files and rasps exports reached $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 63%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of files and rasps exports from Singapore, with a combined 75% share of total exports. The Philippines, Thailand, Cambodia and Nigeria lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +67.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) were the largest markets for files and rasps exported from Singapore worldwide, with a combined 76% share of total exports. These countries were followed by the Philippines, Thailand, Cambodia and Nigeria, which together accounted for a further 21%.

Nigeria, with a CAGR of +70.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average files and rasps export price amounted to $X per unit, growing by 14% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and Cambodia ($X per unit), while the average price for exports to Thailand ($X per unit) and Nigeria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Files And Rasps Imports

Imports into Singapore

In 2022, approx. X units of files, rasps and similar tools were imported into Singapore; jumping by 85% on 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +115.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, files and rasps imports skyrocketed to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +38.4% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Portugal (X units) and Belgium (X units) were the main suppliers of files and rasps imports to Singapore, together accounting for 62% of total imports. These countries were followed by Switzerland, the Netherlands, Indonesia and China, which together accounted for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +23.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest files and rasps suppliers to Singapore were Germany ($X), Belgium ($X) and Portugal ($X), together comprising 62% of total imports. Switzerland, the Netherlands, Indonesia and China lagged somewhat behind, together comprising a further 34%.

The Netherlands, with a CAGR of +22.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average files and rasps import price stood at $X per unit in 2022, shrinking by -16.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per unit) and Germany ($X per unit), while the price for China ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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