Southern Asia: Files And Rasps Market 2024

Files And Rasps Market Size in Southern Asia

The South Asian files and rasps market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, saw a mild decline. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Files And Rasps Production in Southern Asia

In value terms, files and rasps production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.7% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Files And Rasps Exports

Exports in Southern Asia

In 2022, files and rasps exports in Southern Asia declined to X units, waning by -13.3% compared with the year before. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, files and rasps exports contracted to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The biggest shipments were from India (X units), together amounting to 100% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of files, rasps and similar tools. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest files and rasps supplier in Southern Asia.

In India, files and rasps exports increased at an average annual rate of +1.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, picking up by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 when the export price increased by 8% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.7% per year.

Files And Rasps Imports

Imports in Southern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of files, rasps and similar tools, when their volume decreased by -15.1% to X units. Over the period under review, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, files and rasps imports skyrocketed to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +75.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, India (X units) represented the largest importer of files, rasps and similar tools, mixing up 43% of total imports. Afghanistan (X units) held the second position in the ranking, followed by Bangladesh (X units) and Pakistan (X units). All these countries together held near 50% share of total imports. The following importers - Sri Lanka (X units) and Nepal (X units) - each amounted to a 5.6% share of total imports.

Imports into India decreased at an average annual rate of -6.6% from 2012 to 2022. At the same time, Afghanistan (+1.3%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +1.3% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. By contrast, Pakistan (-5.1%), Sri Lanka (-5.3%) and Nepal (-15.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan and Bangladesh increased by +9.2 and +7.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported files, rasps and similar tools in Southern Asia, comprising 60% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 14% share of total imports. It was followed by Afghanistan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +3.8%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+4.1% per year) and Afghanistan (-0.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, increasing by 41% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 increased by +52.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+21.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :