Files And Rasps Market

The article discusses the increasing demand for files, rasps, and similar tools worldwide, with the market projected to grow steadily over the next eight years. Consumption and production have seen significant growth, with the United States leading in consumption and China dominating production. Import and export trends are also analyzed, with China being the largest exporter of files and rasps.

Market Forecast

Driven by increasing demand for files, rasps and similar tools worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 123M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $1.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Files, Rasps And Similar Tools

Global files and rasps consumption soared to 117M units in 2022, with an increase of 18% against the previous year's figure. Overall, consumption posted resilient growth. Global consumption peaked in 2022 and is likely to see gradual growth in the near future.

The global files and rasps market size surged to $1.3B in 2022, rising by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level of $1.3B; afterwards, it flattened through to 2022.

Consumption By Country

The United States (23M units) constituted the country with the largest volume of files and rasps consumption, comprising approx. 20% of total volume. Moreover, files and rasps consumption in the United States exceeded the figures recorded by the second-largest consumer, China (8.6M units), threefold. The third position in this ranking was held by France (6.5M units), with a 5.5% share.

In the United States, files and rasps consumption expanded at an average annual rate of +23.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+4.0% per year) and France (+25.3% per year).

In value terms, Japan ($241M), the United States ($216M) and France ($70M) appeared to be the countries with the highest levels of market value in 2022, with a combined 42% share of the global market. Thailand, China, Italy, Brazil, Germany, Romania, the Netherlands, Poland, India and Indonesia lagged somewhat behind, together accounting for a further 24%.

In terms of the main consuming countries, Romania, with a CAGR of +30.8%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of files and rasps per capita consumption in 2022 were Romania (332 units per 1000 persons), the Netherlands (195 units per 1000 persons) and France (96 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +33.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Files, Rasps And Similar Tools

In 2022, approx. 178M units of files, rasps and similar tools were produced worldwide; with an increase of 171% compared with the previous year's figure. Over the period under review, production enjoyed a buoyant increase. As a result, production attained the peak volume and is likely to continue growth in the immediate term.

In value terms, files and rasps production skyrocketed to $829M in 2022 estimated in export price. Overall, production enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when the production volume increased by 114% against the previous year. As a result, production reached the peak level of $950M. From 2021 to 2022, global production growth failed to regain momentum.

Production By Country

China (125M units) constituted the country with the largest volume of files and rasps production, accounting for 70% of total volume. Moreover, files and rasps production in China exceeded the figures recorded by the second-largest producer, India (11M units), more than tenfold. The third position in this ranking was held by Portugal (8.1M units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +23.6%. The remaining producing countries recorded the following average annual rates of production growth: India (+1.8% per year) and Portugal (+25.2% per year).

Imports

World Imports of Files, Rasps And Similar Tools

In 2022, approx. 142M units of files, rasps and similar tools were imported worldwide; with an increase of 28% compared with the previous year. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 211% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, files and rasps imports dropped to $325M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of $353M, and then shrank in the following year.

Imports By Country

The purchases of the three major importers of files, rasps and similar tools, namely the United States, Germany and the Netherlands, represented more than third of total import. It was distantly followed by France (7.3M units), generating a 5.1% share of total imports. The following importers - Romania (6.1M units), Thailand (5.7M units), Belgium (4.5M units), China (4.1M units), Portugal (3.9M units), Poland (3.8M units), Sweden (3.7M units), the Czech Republic (3.4M units) and Italy (3.1M units) - together made up 27% 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 Portugal (with a CAGR of +36.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($42M), Germany ($30M) and the Netherlands ($18M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 28% of global imports. France, Sweden, Italy, Belgium, Poland, Thailand, Portugal, China, the Czech Republic and Romania lagged somewhat behind, together accounting for a further 17%.

Portugal, with a CAGR of +6.3%, saw 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 global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average files and rasps import price amounted to $2.3 per unit, declining by -28.3% against the previous year. Over the period under review, the import price faced a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 8.8%. As a result, import price attained the peak level of $11 per unit. From 2015 to 2022, the average import prices remained 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 Italy ($1.9 per unit), while Romania ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-16.1%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Files, Rasps And Similar Tools

For the third consecutive year, the global market recorded growth in shipments abroad of files, rasps and similar tools, which increased by 163% to 203M units in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, files and rasps exports contracted to $332M in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports reached the peak of $359M, and then reduced in the following year.

Exports By Country

China prevails in exports structure, reaching 121M units, which was near 59% of total exports in 2022. Germany (18M units) ranks second in terms of the total exports with a 9% share, followed by the Netherlands (7%) and Portugal (5.8%). The United States (8.4M units), India (7.4M units) and Belgium (4.9M units) held a little share of total exports.

Exports from China increased at an average annual rate of +29.1% from 2012 to 2022. At the same time, the Netherlands (+31.9%), Portugal (+30.0%), Germany (+27.6%), Belgium (+24.3%) and the United States (+23.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +31.9% from 2012-2022. India experienced a relatively flat trend pattern. While the share of China (+29 p.p.), the Netherlands (+4.1 p.p.), Germany (+3.8 p.p.) and Portugal (+3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of India (-21 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest files and rasps supplying countries worldwide were China ($71M), Germany ($47M) and India ($41M), with a combined 48% share of global exports.

In terms of the main exporting countries, China, with a CAGR of +4.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average files and rasps export price amounted to $1.6 per unit, which is down by -64.9% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 39% against the previous year. As a result, the export price reached the peak level of $15 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($5.5 per unit), while China ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform