Latin America and the Caribbean: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in Latin America and the Caribbean

The Latin American hollow drill bar market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption, however, recorded a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hollow Drill Bar Production in Latin America and the Caribbean

In value terms, hollow drill bar production surged to $X in 2022 estimated in export price. Overall, production, however, showed a significant increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Hollow Drill Bar Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of hollow drill bars and rods decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, hollow drill bar exports rose markedly to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Chile prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. The following exporters - Peru (X tons) and Mexico (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to hollow drill bar exports from Chile stood at X%. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile and Peru increased by X and X percentage points, respectively.

In value terms, Chile ($X) remains the largest hollow drill bar supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with an X% share of total exports.

In Chile, hollow drill bar exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Hollow Drill Bar Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of hollow drill bars and rods was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hollow drill bar imports rose significantly to $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) and Peru (X tons) were the major importers of hollow drill bars and rods in Latin America and the Caribbean, together accounting for near X% of total imports. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%), Chile (X%) and Argentina (X%).

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Peru ($X), Brazil ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :