Report Update: Apr 1, 2024

World - Hollow Drill Bars And Rods - Market Analysis, Forecast, Size, Trends And Insights

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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.

Get FREE access to the latest data and statistics on the Hollow Drill Bar Market.

Hollow Drill Bar - World's Largest Markets

Rating	Country
1	Australia
2	Sweden
3	Japan
4	Thailand
5	China

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

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
India	2141	2536	920	-34.4%
China	1502	1485	1466	-1.2%
Italy	1868	1837	2034	4.3%
Japan	3124	2818	2801	-5.3%
Thailand	980	555	3022	75.6%
Sweden	3749	3435	3502	-3.4%
United Kingdom	3871	3845	3765	-1.4%
South Africa	3723	3677	3839	1.5%
Chile	3767	4197	4162	5.1%
United States	4622	5315	5442	8.5%
Average	2793	2581	3142	6.1%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($5,442 per ton), while India ($920 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (+75.6% per year), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Australia	7589	9524	9031	9.1%
Sweden	2629	5137	3859	21.2%
South Korea	3081	3009	3137	0.9%
United States	2718	2492	2838	2.2%
Canada	3297	3052	2337	-15.8%
India	2264	1862	1697	-13.4%
Germany	1897	867	1267	-18.3%
Saudi Arabia	2326	2072	1177	-28.9%
France	2314	2409	1135	-30.0%
Netherlands	2088	1201	1132	-26.4%
Malaysia	1449	842	825	-24.5%
Indonesia	2561	2049	787	-44.6%
Myanmar	980	709	498	-28.7%
Average	3588	3080	2586	-15.1%

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($9,031 per ton), while Myanmar ($498 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the other global leaders experienced more modest paces of growth.

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Hollow Drill Bar - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Australia	29	33	32	4.2%
United States	16	13	11	-16.9%
Canada	17	11	11	-19.9%
India	7	16	10	20.3%
South Korea	6.6	6.4	9.9	22.1%

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Sweden	19	21	21	4.9%
United States	16	8.6	13	-7.4%
Japan	11	7.1	8.4	-13.5%
China	6.2	6.7	7.8	11.9%
Chile	7.4	2.3	7.6	1.4%

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

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global hollow drill bar market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106700 - Hollow drill bars and rods

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023