Netherlands: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in the Netherlands

The Dutch hollow drill bar market surged to $X in 2022, growing by X% against the previous year. Overall, consumption, however, saw a sharp downturn. Hollow drill bar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hollow Drill Bar Production in the Netherlands

In value terms, hollow drill bar production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Hollow Drill Bar Exports

Exports from the Netherlands

After three years of growth, overseas shipments of hollow drill bars and rods decreased by X% to X tons in 2022. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hollow drill bar exports dropped sharply to $X in 2022. Over the period under review, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Denmark (X tons) was the main destination for hollow drill bar exports from the Netherlands, with a X% share of total exports. Moreover, hollow drill bar exports to Denmark exceeded the volume sent to the second major destination, Romania (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Belgium (X% per year).

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

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

Export Prices by Country

In 2022, the average hollow drill bar export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Norway ($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 Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hollow Drill Bar Imports

Imports into the Netherlands

In 2022, imports of hollow drill bars and rods into the Netherlands skyrocketed to X tons, growing by X% against the previous year's figure. In general, imports, however, saw a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hollow drill bar imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of hollow drill bar to the Netherlands, accounting for 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), eightfold. Norway (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2022, the average hollow drill bar import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated resilient growth 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 2020 indices. The most prominent rate of growth was recorded in 2013 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 failed to regain momentum.

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

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

Source: IndexBox Platform

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