EU: Files And Rasps Market 2024

Files And Rasps Market Size in the EU

In 2022, the EU files and rasps market increased by 11% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Files And Rasps Production in the EU

In value terms, files and rasps production contracted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 17%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Files And Rasps Exports

Exports in the EU

After five years of growth, shipments abroad of files, rasps and similar tools decreased by -8.8% to X units in 2022. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, files and rasps exports declined to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

The biggest shipments were from Germany (X units), the Netherlands (X units) and Portugal (X units), together accounting for 77% of total export. It was distantly followed by Belgium (X units), constituting a 5.7% share of total exports. The following exporters - Spain (X units), Sweden (X units) and Italy (X units) - together made up 10% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +4.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest files and rasps supplier in the European Union, comprising 41% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by Portugal, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +2.1%. In the other countries, the average annual rates were as follows: the Netherlands (+1.7% per year) and Portugal (+1.6% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, shrinking by -4.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 5.3%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the other leaders experienced more modest paces of growth.

Files And Rasps Imports

Imports in the EU

In 2022, overseas purchases of files, rasps and similar tools increased by 1.4% to X units, rising for the second year in a row after two years of decline. Overall, imports recorded mild growth. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, files and rasps imports dropped to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 20%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany (X units) and the Netherlands (X units) were the main importers of files, rasps and similar tools in 2022, accounting for approx. 24% and 21% of total imports, respectively. France (X units) held an 8.9% share (based on physical terms) of total imports, which put it in second place, followed by Romania (6.7%), Portugal (4.7%) and Poland (4.6%). Italy (X units), Sweden (X units), Spain (X units), Belgium (X units) and the Czech Republic (X units) took a minor share 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 +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest files and rasps importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined 52% share of total imports. These countries were followed by Italy, Sweden, Poland, Portugal, Spain, Belgium, the Czech Republic and Romania, which together accounted for a further 34%.

In terms of the main importing countries, Portugal, with a CAGR of +6.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, declining by -7.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 4.3%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :