India: Files And Rasps Market 2024

Files And Rasps Market Size in India

In 2022, the Indian files and rasps market was finally on the rise to reach $X after three years of decline. In general, consumption, however, recorded a slight contraction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Files And Rasps Production in India

In value terms, files and rasps production fell to $X in 2022 estimated in export price. Overall, production, however, showed 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 maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Files And Rasps Exports

Exports from India

In 2022, approx. X units of files, rasps and similar tools were exported from India; reducing by -13.4% compared with 2021. Over the period under review, exports recorded 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 declined in the following year.

In value terms, files and rasps exports dropped 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 53% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Nigeria (X units), Colombia (X units) and Mexico (X units) were the main destinations of files and rasps exports from India, together comprising 33% of total exports. These countries were followed by Cote d'Ivoire, Germany, the United States, Kenya, Afghanistan, Bangladesh, Guatemala, Uganda, Cameroon and Myanmar, which together accounted for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +16.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for files and rasps exported from India were Mexico ($X), Nigeria ($X) and Germany ($X), together accounting for 29% of total exports. Colombia, the United States, Cote d'Ivoire, Kenya, Bangladesh, Uganda, Guatemala, Cameroon, Afghanistan and Myanmar lagged somewhat behind, together comprising a further 42%.

Among the main countries of destination, Guatemala, with a CAGR of +16.0%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average files and rasps export price amounted to $X per unit, picking up by 2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 8.4% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

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 the United States ($X per unit), while the average price for exports to Myanmar ($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 the United States (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Files And Rasps Imports

Imports into India

After two years of growth, overseas purchases of files, rasps and similar tools decreased by -2.1% to X units in 2022. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 106% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, files and rasps imports soared to $X in 2022. Overall, imports, however, recorded a perceptible increase. The growth pace was the most rapid in 2017 with an increase of 107% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of files and rasps to India, accounting for a 75% share of total imports. Moreover, files and rasps imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.8% per year) and Colombia (+33.6% per year).

In value terms, Germany ($X), China ($X) and Colombia ($X) constituted the largest files and rasps suppliers to India, with a combined 76% share of total imports.

In terms of the main suppliers, Colombia, with a CAGR of +64.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average files and rasps import price amounted to $X per unit, increasing by 97% against the previous year. In general, the import price enjoyed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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