South-Eastern Asia: Files And Rasps Market 2024

Files And Rasps Market Size in South-Eastern Asia

In 2022, the Southeast Asian files and rasps market increased by 22% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +39.5% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Files And Rasps Production in South-Eastern Asia

In value terms, files and rasps production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 196% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Files And Rasps Exports

Exports in South-Eastern Asia

In 2022, approx. X units of files, rasps and similar tools were exported in South-Eastern Asia; declining by -22.8% against 2021. Overall, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 57%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, files and rasps exports rose to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 41%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X units) and Singapore (X units) represented the key exporters of files, rasps and similar tools in 2022, amounting to near 46% and 42% of total exports, respectively. It was distantly followed by Thailand (X units), mixing up a 10% share of total exports. Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +2.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined 97% share of total exports. Malaysia lagged somewhat behind, comprising a further 1.7%.

Malaysia, with a CAGR of +5.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, rising by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the other leaders experienced more modest paces of growth.

Files And Rasps Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of files, rasps and similar tools increased by 15% to X units, rising for the second year in a row after three years of decline. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +36.7% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, files and rasps imports rose markedly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +31.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

Singapore (X units) and Indonesia (X units) represented the major importers of files, rasps and similar tools in 2022, amounting to approx. 33% and 31% of total imports, respectively. Thailand (X units) held the next position in the ranking, distantly followed by Malaysia (X units). All these countries together held near 27% share of total imports. The following importers - Vietnam (X units), Myanmar (X units) and the Philippines (X units) - together made up 8.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising 81% of total imports.

Indonesia, with a CAGR of +14.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, falling by -4% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 import price decreased by -6.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 35% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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