Report Update Apr 1, 2024

Saudi Arabia - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in Saudi Arabia

The Saudi hollow drill bar market declined sharply to less than $X in 2022, falling by X% against the previous year. Overall, consumption saw a prominent increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Hollow Drill Bar Production in Saudi Arabia

In value terms, hollow drill bar production totaled less than $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume decreased by X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Hollow Drill Bar Exports

Exports from Saudi Arabia

In 2021, shipments abroad of hollow drill bars and rods decreased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, hollow drill bar exports totaled $X in 2021. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Egypt (X tons) was the main destination for hollow drill bar exports from Saudi Arabia, with a X% share of total exports. It was followed by the United Arab Emirates (X tons), with a X% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to Egypt totaled X%.

In value terms, Egypt ($X) emerged as the key foreign market for hollow drill bars and rods exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of value to Egypt stood at X%.

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price saw a pronounced setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Egypt stood at $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%).

Hollow Drill Bar Imports

Imports into Saudi Arabia

In 2020, the amount of hollow drill bars and rods imported into Saudi Arabia contracted rapidly to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, imports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, hollow drill bar imports declined notably to $X in 2020. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of hollow drill bar imports to Saudi Arabia.

From 2012 to 2020, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the largest hollow drill bar suppliers to Saudi Arabia, with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average hollow drill bar import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a deep reduction. The growth pace was the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hollow drill bars and rods in the world?

The countries with the highest volumes of consumption in 2023 were Germany, Sweden and Indonesia, with a combined 26% share of global consumption. Canada, India, Italy, China, France, Thailand, the UK, South Korea, Saudi Arabia and Australia lagged somewhat behind, together accounting for a further 43%.

What are the largest producers of hollow drill bars and rods in the world?

The countries with the highest volumes of production in 2022 were Sweden, Germany and China, with a combined 46% share of global production. Italy, the UK, Japan, Thailand, Saudi Arabia and Chile lagged somewhat behind, together accounting for a further 37%.

What are the leading suppliers of hollow drill bars and rods to Saudi Arabia?

In value terms, China, Turkey and the United Arab Emirates appeared to be the largest hollow drill bar suppliers to Saudi Arabia, with a combined 70% share of total imports.

What are the leading importers of hollow drill bars and rods from Saudi Arabia?

In value terms, Egypt emerged as the key foreign market for hollow drill bars and rods exports from Saudi Arabia, comprising 94% of total exports. The second position in the ranking was taken by the United Arab Emirates, with a 5% share of total exports.

What is the average export price for hollow drill bars and rods in Saudi Arabia?

The average hollow drill bar export price stood at $6,026 per ton in 2021, leveling off at the previous year.

What is the average import price for hollow drill bars and rods in Saudi Arabia?

In 2020, the average hollow drill bar import price amounted to $1,497 per ton, declining by -27.9% against the previous year.

This report provides an in-depth analysis of the hollow drill bar market in Saudi Arabia. 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:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023