India - Hollow Drill Bars And Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHollow Drill Bar Price in India - 2023
Contents:
- Hollow Drill Bar Price in India (CIF) - 2023
- Hollow Drill Bar Price in India (FOB) - 2022
- Hollow Drill Bar Imports in India
- Hollow Drill Bar Exports in India
Hollow Drill Bar Price in India (CIF) - 2023
In July 2023, the average hollow drill bar import price amounted to $1,538 per ton, reducing by -19.3% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 52% against the previous month. The import price peaked at $2,400 per ton in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($4,087 per ton), while the price for Hong Kong SAR ($1,266 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced a decline.
Hollow Drill Bar Price in India (FOB) - 2022
In 2022, the average hollow drill bar export price amounted to $695 per ton, declining by -25.4% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 240%. Over the period under review, the average export prices reached the peak figure at $2,771 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
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 Nigeria ($1,761 per ton), while the average price for exports to Nepal ($384 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 United Arab Emirates (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.
Hollow Drill Bar Imports in India
In 2022, approx. 6.4K tons of hollow drill bars and rods were imported into India; waning by -15% compared with 2021. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year.
In value terms, hollow drill bar imports reduced notably to $9.9M in 2022. In general, imports faced a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 32%.
| Import of Hollow Drill Bar in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 5.6 | 7.1 | 4.4 | -6.0% |
| Germany | 1.7 | 1.6 | 3.0 | 1.9 | 3.8% |
| Belgium | 3.9 | 0.1 | 0.3 | 0.9 | -38.7% |
| Sweden | 0.3 | 0.1 | 0.8 | 0.5 | 18.6% |
| Italy | 1.5 | 0.1 | N/A | 0.3 | -41.5% |
| United Kingdom | 1.1 | 0.6 | 0.1 | 0.3 | -35.2% |
| South Africa | 0.5 | 0.3 | 0.3 | 0.2 | -26.3% |
| Hong Kong SAR | N/A | 0.1 | 0.4 | 0.2 | 41.4% |
| Singapore | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Others | 1.9 | 1.6 | 1.2 | 1.0 | -19.3% |
| Total | 16.3 | 10.1 | 13.3 | 9.9 | -15.3% |
Top Suppliers of Hollow Drill Bar to India in 2022:
- China (3825.7 tons)
- Germany (823.7 tons)
- Belgium (526.2 tons)
- Hong Kong SAR (268.7 tons)
- Italy (244.4 tons)
- Sweden (168.4 tons)
- Singapore (121.5 tons)
- South Africa (109.2 tons)
- United Kingdom (86.9 tons)
Hollow Drill Bar Exports in India
In 2022, overseas shipments of hollow drill bars and rods decreased by -64.5% to 668 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 208% against the previous year.
In value terms, hollow drill bar exports reduced sharply to $464K in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 79%. As a result, the exports attained the peak of $1.8M, and then declined markedly in the following year.
| Export of Hollow Drill Bar in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 92.8 | 466 | 746 | 209 | 31.1% |
| Nigeria | 7.0 | 10.0 | 166 | 46.5 | 88.0% |
| South Africa | 1.0 | 28.5 | 101 | 28.3 | 204.7% |
| United Arab Emirates | 168 | 27.9 | 69.6 | 26.0 | -46.3% |
| Others | 336 | 447 | 669 | 154 | -22.9% |
| Total | 606 | 979 | 1,751 | 464 | -8.5% |
Top Export Markets for Hollow Drill Bar from India in 2022:
- Nepal (543.9 tons)
- South Africa (27.6 tons)
- Nigeria (26.4 tons)
- United Arab Emirates (15.5 tons)
This report provides an in-depth analysis of the hollow drill bar market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
-
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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