Thailand: Files And Rasps Market 2024

Files And Rasps Market Size in Thailand

The Thai files and rasps market surged to $X in 2022, jumping by 29% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Files and rasps consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Files And Rasps Production in Thailand

In value terms, files and rasps production declined markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 268% against the previous year. Files and rasps production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Files And Rasps Exports

Exports from Thailand

In 2022, approx. X units of files, rasps and similar tools were exported from Thailand; reducing by -15.5% against the year before. Over the period under review, exports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 257%. The exports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, files and rasps exports reduced to $X in 2022. In general, exports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of 134%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X units), Japan (X units) and Saint Lucia (X units) were the main destinations of files and rasps exports from Thailand, together comprising 43% of total exports. Vanuatu, French Guiana, Myanmar, Saint Vincent and the Grenadines, Dominica, Cambodia, Grenada, Jamaica, Lao People's Democratic Republic and Trinidad and Tobago lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for Dominica (with a CAGR of +77.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for files, rasps and similar tools exports from Thailand, comprising 40% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 14% share of total exports. It was followed by Vanuatu, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +55.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-1.4% per year) and Vanuatu (+12.3% per year).

Export Prices by Country

In 2022, the average files and rasps export price amounted to $X per unit, picking up by 1.8% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 export price decreased by -27.9% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 33%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Saint Vincent and the Grenadines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Files And Rasps Imports

Imports into Thailand

In 2022, supplies from abroad of files, rasps and similar tools increased by 49% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, files and rasps imports skyrocketed to $X in 2022. The total import 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of files and rasps to Thailand, accounting for a 55% share of total imports. Moreover, files and rasps imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.7% per year) and Germany (+2.6% per year).

In value terms, the largest files and rasps suppliers to Thailand were China ($X), Germany ($X) and India ($X), with a combined 62% share of total imports. These countries were followed by Brazil, Japan, Indonesia, Switzerland and Mexico, which together accounted for a further 30%.

Brazil, with a CAGR of +14.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average files and rasps import price amounted to $X per unit, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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