Hollow Drill Bar Market

Hollow drill bar market: enjoy the most recent information powered by an Ai-driven market intelligence platform. Facts and figures contain companies, production, market prices, market size, imports, consumption, exports, and trade. There is a split by country, including the U.S., Russia, the Middle East, EU, China, the U.K., Latin America, and Africa. Market insights and outlook to 2030 are also featured in the reports.

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Hollow Drill Bar - World's Largest Markets

In value terms, the largest hollow drill bar markets worldwide were Australia, Sweden and Japan, together accounting for 31% of the global market. Thailand, China, Canada, South Korea, France, Indonesia, India, the Netherlands, Malaysia and Myanmar lagged somewhat behind, together accounting for a further 37%.

Among the main consuming countries, Thailand (+318.5% per year) recorded the highest rates of growth with regard to market size, over the period under review, while hollow drill bar market for the other global leaders experienced more modest paces of growth.

Hollow Drill Bar Prices

Hollow Drill Bar - Top Importers

In value terms, Australia ($32M) constitutes the largest market for imported hollow drill bars and rods worldwide, comprising 18% of global imports. The second position in the ranking was occupied by the United States ($11M), with a 6.2% share of global imports. It was followed by Canada, with a 6.2% share.

From 2018 to 2020, the average annual growth rate of value in Australia totaled +4.2%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (-16.9% per year) and Canada (-19.9% per year).

Hollow Drill Bar - Top Exporters

In value terms, the largest hollow drill bar supplying countries worldwide were Sweden ($21M), the United States ($14M) and Japan ($8.4M), with a combined 49% share of global exports. China, Chile, South Africa, Italy, the UK, Thailand and India lagged somewhat behind, together accounting for a further 34%.

In terms of the main exporting countries, China recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Hollow Drill Bar - Market Forecast

Driven by increasing demand for hollow drill bar worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Hollow Drill Bar - Product Coverage

• HS 722880 - Steel, alloy or non-alloy; hollow drill bars and rods