GCC: Files And Rasps Market 2024

Files And Rasps Market Size in GCC

In 2023, the GCC files and rasps market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Files And Rasps Production in GCC

In value terms, files and rasps production reduced slightly to $X in 2023 estimated in export price. In general, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 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 stood at a somewhat lower figure.

Files And Rasps Exports

Exports in GCC

In 2023, the amount of files, rasps and similar tools exported in GCC surged to X units, rising by X% compared with 2022 figures. Over the period under review, exports recorded a mild expansion. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, files and rasps exports skyrocketed to $X in 2023. Overall, exports showed a prominent increase. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X units, which was near X% of total exports in 2023. Bahrain (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest files and rasps supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports.

In the United Arab Emirates, files and rasps exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, picking up by X% against the previous year. Export price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, files and rasps export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%).

Files And Rasps Imports

Imports in GCC

In 2023, files and rasps imports in GCC rose rapidly to X units, with an increase of X% compared with the previous year's figure. Total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, files and rasps imports shrank to $X in 2023. Total imports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X units, which was approx. X% of total imports in 2023. The following importers - Kuwait (X units) and Oman (X units) - each amounted to a X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported files, rasps and similar tools in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports.

In the United Arab Emirates, files and rasps imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, 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 Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform