Central Asia: Files And Rasps Market 2024

Files And Rasps Market Size in Central Asia

The Central Asian files and rasps market contracted remarkably to $X in 2022, dropping by -19.4% against the previous year. Over the period under review, consumption showed a pronounced reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Files And Rasps Production in Central Asia

In value terms, files and rasps production contracted to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 54% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Files And Rasps Exports

Exports in Central Asia

In 2022, shipments abroad of files, rasps and similar tools increased by 2,286% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed 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 fell remarkably to $X in 2022. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 432%. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Kyrgyzstan dominates exports structure, recording X units, which was near 97% of total exports in 2022. Kazakhstan (X units) followed a long way behind the leaders.

Kyrgyzstan was also the fastest-growing in terms of the files, rasps and similar tools exports, with a CAGR of +169.8% from 2012 to 2022. Kazakhstan (-3.8%) illustrated a downward trend over the same period. Kyrgyzstan (+97 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -96.3% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest files and rasps supplier in Central Asia, comprising 62% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 17% share of total exports.

In Kazakhstan, files and rasps exports increased at an average annual rate of +2.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, shrinking by -96.7% against the previous year. In general, the export price faced a dramatic decrease. The growth pace was the most rapid in 2020 when the export price increased by 107% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan totaled less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.1%).

Files And Rasps Imports

Imports in Central Asia

In 2022, overseas purchases of files, rasps and similar tools decreased by -27.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 129%. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, files and rasps imports contracted remarkably to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 74% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, Kazakhstan (X units) represented the key importer of files, rasps and similar tools, making up 73% of total imports. It was distantly followed by Uzbekistan (X units), mixing up a 22% share of total imports. Kyrgyzstan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the files, rasps and similar tools imports, with a CAGR of +8.9% from 2012 to 2022. At the same time, Kyrgyzstan (+7.1%) and Uzbekistan (+3.7%) displayed positive paces of growth. While the share of Uzbekistan (+22 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported files, rasps and similar tools in Central Asia, comprising 75% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +4.7%. In the other countries, the average annual rates were as follows: Uzbekistan (+7.0% per year) and Kyrgyzstan (+11.7% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, rising by 13% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2019 when the import price increased by 63%. The level of import peaked at $X per unit in 2013; however, from 2014 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 Kyrgyzstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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