Sweden - Hollow Drill Bars And Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHollow Drill Bar Price in Sweden - 2023
Contents:
- Hollow Drill Bar Price in Sweden (FOB) - 2023
- Hollow Drill Bar Price in Sweden (CIF) - 2023
- Hollow Drill Bar Exports in Sweden
- Hollow Drill Bar Imports in Sweden
Hollow Drill Bar Price in Sweden (FOB) - 2023
In July 2023, the average hollow drill bar export price amounted to $4,302 per ton, which is down by -4.6% against the previous month. Over the period under review, export price indicated a measured increase from July 2022 to July 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, hollow drill bar export price decreased by -19.8% against April 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 20% m-o-m. The export price peaked at $5,361 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($10,537 per ton), while the average price for exports to Mexico ($3,509 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Hollow Drill Bar Price in Sweden (CIF) - 2023
In June 2023, the average hollow drill bar import price amounted to $4,202 per ton, falling by -2.4% against the previous month. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in October 2022 an increase of 316% against the previous month. Over the period under review, average import prices hit record highs at $34,476 per ton in November 2022; however, from December 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($4,179 per ton), while the price for Finland totaled $4,179 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Austria (+218.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Hollow Drill Bar Exports in Sweden
In 2022, approx. 7K tons of hollow drill bars and rods were exported from Sweden; with a decrease of -11.3% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of 7.9K tons, and then contracted in the following year.
In value terms, hollow drill bar exports fell to $27M in 2022. The total export value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of $28M, and then reduced in the following year.
Export of Hollow Drill Bar in Sweden (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 3.1 | 2.7 | 5.1 | 5.0 | 17.3% |
Canada | 4.5 | 3.1 | 6.4 | 4.4 | -0.7% |
Poland | 3.1 | 1.4 | 2.7 | 3.8 | 7.0% |
South Korea | 0.8 | 2.8 | 2.0 | 2.8 | 51.8% |
Brazil | 0.8 | 1.2 | 1.3 | 2.6 | 48.1% |
South Africa | 1.1 | 0.9 | 1.7 | 2.5 | 31.5% |
India | 2.0 | 1.3 | 3.2 | 2.2 | 3.2% |
Norway | 1.7 | 1.6 | 1.5 | 1.3 | -8.6% |
United States | 2.2 | 4.7 | 2.9 | 0.5 | -39.0% |
Others | 1.7 | 1.5 | 1.0 | 1.5 | -4.1% |
Total | 20.9 | 21.2 | 28.0 | 26.5 | 8.2% |
Top Export Markets for Hollow Drill Bar from Sweden in 2022:
- Canada (1961.0 tons)
- Austria (1078.5 tons)
- Poland (782.0 tons)
- Brazil (703.9 tons)
- India (637.7 tons)
- South Korea (594.9 tons)
- South Africa (522.9 tons)
- Norway (319.8 tons)
- United States (161.3 tons)
Hollow Drill Bar Imports in Sweden
In 2022, overseas purchases of hollow drill bars and rods decreased by -18.2% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 363% against the previous year.
In value terms, hollow drill bar imports skyrocketed to $8.3M in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 113% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Import of Hollow Drill Bar in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 0.3 | 1.2 | 2.5 | 2.7 | 108.0% |
Lithuania | N/A | 1.7 | 2.3 | 2.7 | 26.0% |
Italy | 1.4 | 1.1 | 0.4 | 2.1 | 14.5% |
Austria | N/A | N/A | N/A | 0.4 | 0% |
Denmark | N/A | 0.1 | 0.4 | 0.3 | 73.2% |
Norway | N/A | 0.3 | 0.1 | 0.1 | -42.3% |
Others | 0.6 | 0.7 | 0.1 | 0.1 | -45.0% |
Total | 2.4 | 5.1 | 5.9 | 8.3 | 51.2% |
Top Suppliers of Hollow Drill Bar to Sweden in 2022:
- Lithuania (1198.3 tons)
- Denmark (171.6 tons)
- Finland (91.6 tons)
- Austria (82.7 tons)
- Norway (45.3 tons)
- Italy (44.2 tons)
This report provides an in-depth analysis of the hollow drill bar market in Sweden. 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:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- 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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