Hong Kong SAR, China - Hollow Drill Bars And Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHollow Drill Bar Price in Hong Kong SAR - 2022
Contents:
- Hollow Drill Bar Price in Hong Kong SAR (FOB) - 2022
- Hollow Drill Bar Price in Hong Kong SAR (CIF) - 2022
- Hollow Drill Bar Exports in Hong Kong SAR
- Hollow Drill Bar Imports in Hong Kong SAR
Hollow Drill Bar Price in Hong Kong SAR (FOB) - 2022
In 2022, the average hollow drill bar export price amounted to $6,940 per ton, increasing by 3.4% against the previous year. In general, the export price saw resilient growth. The growth pace was the most rapid in 2018 an increase of 152% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($9,762 per ton), while the average price for exports to India ($1,325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1.6%), while the prices for the other major destinations experienced a decline.
Hollow Drill Bar Price in Hong Kong SAR (CIF) - 2022
In 2022, the average hollow drill bar import price amounted to $3,429 per ton, reducing by -64.2% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61% against the previous year. The import price peaked at $31,917 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +6.1% per year.
Hollow Drill Bar Exports in Hong Kong SAR
In 2022, exports of hollow drill bars and rods from Hong Kong SAR rose markedly to 866 tons, picking up by 14% compared with the previous year. In general, exports showed a noticeable expansion. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hollow drill bar exports skyrocketed to $6M in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 180% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Hollow Drill Bar in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 1,547 | 1,662 | 2,241 | 2,266 | 13.6% |
| Indonesia | 48.1 | 27.3 | 16.5 | 565 | 127.3% |
| India | 1.7 | 109 | 412 | 285 | 451.4% |
| South Africa | N/A | 9.5 | N/A | 57.2 | 145.4% |
| Timor-Leste | 6.9 | N/A | N/A | N/A | 0% |
| Papua New Guinea | 93.6 | 9.0 | 2.8 | N/A | -82.7% |
| Others | 39.5 | 0.8 | 2,418 | 2,839 | 315.8% |
| Total | 1,737 | 1,817 | 5,090 | 6,012 | 51.3% |
Top Export Markets for Hollow Drill Bar from Hong Kong SAR in 2022:
- Philippines (232.1 tons)
- India (215.2 tons)
- Indonesia (172.2 tons)
- South Africa (25.6 tons)
Hollow Drill Bar Imports in Hong Kong SAR
In 2022, approx. 19 tons of hollow drill bars and rods were imported into Hong Kong SAR; growing by 1,224% compared with 2021. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hollow drill bar imports surged to $66K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hollow Drill Bar in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 65.3 | 0% |
| Thailand | 10.0 | N/A | N/A | N/A | 0% |
| Singapore | N/A | 42.8 | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 9.9 | N/A | 0% |
| Others | 5.2 | N/A | 3.9 | 0.4 | -57.5% |
| Total | 15.2 | 42.8 | 13.8 | 65.7 | 62.9% |
Top Suppliers of Hollow Drill Bar to Hong Kong SAR in 2022:
- South Africa (19.0 tons)
This report provides an in-depth analysis of the hollow drill bar market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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