Chile: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in Chile

The Chilean hollow drill bar market amounted to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption faced a sharp slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hollow Drill Bar Production in Chile

In value terms, hollow drill bar production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a deep setback. Hollow drill bar production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hollow Drill Bar Exports

Exports from Chile

In 2022, after two years of growth, there was significant decline in overseas shipments of hollow drill bars and rods, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, hollow drill bar exports expanded rapidly to $X in 2022. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Peru (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of hollow drill bar exports from Chile, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hollow drill bar exported from Chile were Peru ($X), Mexico ($X) and Brazil ($X), together comprising X% of total exports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hollow drill bar export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($X per ton) and Brazil ($X per ton), while the average price for exports to Mexico ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced a decline.

Hollow Drill Bar Imports

Imports into Chile

After two years of decline, purchases abroad of hollow drill bars and rods increased by X% to X tons in 2022. Overall, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hollow drill bar imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest hollow drill bar supplier to Chile, with a X% share of total imports. Moreover, hollow drill bar imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Sweden (X% per year).

In value terms, Canada ($X) constituted the largest supplier of hollow drill bars and rods to Chile, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Sweden (X% per year).

Import Prices by Country

The average hollow drill bar import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hollow drill bar import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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