Slovakia: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in Slovakia

In 2022, the Slovak hollow drill bar market decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Hollow Drill Bar Production in Slovakia

In value terms, hollow drill bar production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a slight decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Hollow drill bar production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat 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 from Slovakia

In 2022, approx. X kg of hollow drill bars and rods were exported from Slovakia; declining by X% compared with the previous year's figure. Overall, exports saw a sharp descent. The pace of growth was the most pronounced in 2019 when exports increased by X,300% against the previous year. 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 expanded notably to $X in 2022. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of X,533% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg), Hungary (X kg) and the Czech Republic (X kg) were the main destinations of hollow drill bar exports from Slovakia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for hollow drill bar exported from Slovakia were Germany ($X), Hungary ($X) and the Czech Republic ($X), with a combined X% share of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average hollow drill bar export price amounted to $X per ton, surging by X% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

Hollow Drill Bar Imports

Imports into Slovakia

In 2022, purchases abroad of hollow drill bars and rods decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hollow drill bar imports plummeted to $X in 2022. Overall, imports, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest hollow drill bar supplier to Slovakia, with a X% share of total imports. Moreover, hollow drill bar imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold.

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

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

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

Import Prices by Country

The average hollow drill bar import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the price for Sweden ($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 Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :