Ireland: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in Ireland

In 2022, the Irish hollow drill bar market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded mild growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hollow Drill Bar Production in Ireland

In value terms, hollow drill bar production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Hollow Drill Bar Exports

Exports from Ireland

In 2022, the amount of hollow drill bars and rods exported from Ireland soared to X tons, rising by X% against the previous year. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, hollow drill bar exports soared to $X in 2022. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for hollow drill bar exports from Ireland, with a X% share of total exports. Moreover, hollow drill bar exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Singapore (X% per year).

In value terms, Germany ($X) remains the key foreign market for hollow drill bars and rods exports from Ireland, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average hollow drill bar export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X 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 UK (X%).

Hollow Drill Bar Imports

Imports into Ireland

In 2022, supplies from abroad of hollow drill bars and rods was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, hollow drill bar imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) was the main hollow drill bar supplier to Ireland, with a X% share of total imports. Moreover, hollow drill bar imports from the UK exceeded the figures recorded by the second-largest supplier, Romania (X tons), more than tenfold.

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

In value terms, the UK ($X) constituted the largest supplier of hollow drill bars and rods to Ireland, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports.

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

Import Prices by Country

The average hollow drill bar import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, faced a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%).

Source: IndexBox Platform

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