ASEAN: Files And Rasps Market 2024

Files And Rasps Market Size in ASEAN

The ASEAN files and rasps market shrank rapidly to $X in 2023, reducing by X% against the previous year. In general, consumption recorded a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Files And Rasps Production in ASEAN

In value terms, files and rasps production shrank to $X in 2023 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Files And Rasps Exports

Exports in ASEAN

Files and rasps exports stood at X units in 2023, remaining stable against 2022 figures. In general, exports, however, showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, files and rasps exports contracted to $X in 2023. Overall, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Indonesia (X units) was the major exporter of files, rasps and similar tools, generating X% of total exports. It was distantly followed by Singapore (X units), Thailand (X units) and Malaysia (X units), together making up a X% share of total exports.

Exports from Indonesia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia and Thailand increased by X and X percentage points, respectively.

In value terms, the largest files and rasps supplying countries in ASEAN were Singapore ($X), Indonesia ($X) and Thailand ($X), with a combined X% share of total exports. Malaysia lagged somewhat behind, accounting for a further X%.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the export price recorded a mild decline. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Files And Rasps Imports

Imports in ASEAN

In 2023, approx. X units of files, rasps and similar tools were imported in ASEAN; dropping by X% on 2022 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, files and rasps imports declined dramatically to $X in 2023. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Indonesia (X units) was the largest importer of files, rasps and similar tools, making up X% of total imports. It was distantly followed by Thailand (X units), Myanmar (X units), Vietnam (X units), Singapore (X units) and Malaysia (X units), together generating a X% share of total imports. The Philippines (X units) took a minor share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (X%), the Philippines (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Myanmar (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Philippines (X p.p.), Thailand (X p.p.) and Singapore (X 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 importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Singapore ($X), with a combined X% share of total imports. Vietnam, Malaysia, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, waning by X% against the previous year. In general, the import price showed a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform