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

RatingCountry
1Australia
2Sweden
3Japan
4Thailand
5China

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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
India21412536920-34.4%
China150214851466-1.2%
Italy1868183720344.3%
Japan312428182801-5.3%
Thailand980555302275.6%
Sweden374934353502-3.4%
United Kingdom387138453765-1.4%
South Africa3723367738391.5%
Chile3767419741625.1%
United States4622531554428.5%
Average2793258131426.1%

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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Australia7589952490319.1%
Sweden26295137385921.2%
South Korea3081300931370.9%
United States2718249228382.2%
Canada329730522337-15.8%
India226418621697-13.4%
Germany18978671267-18.3%
Saudi Arabia232620721177-28.9%
France231424091135-30.0%
Netherlands208812011132-26.4%
Malaysia1449842825-24.5%
Indonesia25612049787-44.6%
Myanmar980709498-28.7%
Average358830802586-15.1%

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.

Hollow Drill Bar - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Australia2933324.2%
United States161311-16.9%
Canada171111-19.9%
India7161020.3%
South Korea6.66.49.922.1%

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

COUNTRY201820192020CAGR,
2018-2020
million USD
Sweden1921214.9%
United States168.613-7.4%
Japan117.18.4-13.5%
China6.26.77.811.9%
Chile7.42.37.61.4%

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
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World - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global hollow drill bar market.

Northern America - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in Northern America.

Australia and Oceania - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in Australia and Oceania.

Latin America and the Caribbean - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in Latin America and the Caribbean.

Eastern Asia - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in Eastern Asia.

Africa - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in Africa.

South-Eastern Asia - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in South-Eastern Asia.

Middle East - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in the Middle East.

Southern Asia - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in Southern Asia.

Central Asia - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hollow drill bar market in Central Asia.

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