U.S. - Hollow Drill Bars And Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHollow Drill Bar Price in the United States - 2023
Contents:
- Hollow Drill Bar Price in the United States (CIF) - 2023
- Hollow Drill Bar Price in the United States (FOB) - 2023
- Hollow Drill Bar Imports in the United States
- Hollow Drill Bar Exports in the United States
Hollow Drill Bar Price in the United States (CIF) - 2023
The average hollow drill bar import price stood at $2,589 per ton in August 2023, with an increase of 29% against the previous month. Over the period under review, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in March 2023 an increase of 171% m-o-m. As a result, import price attained the peak level of $5,476 per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($5,438 per ton), while the price for China ($2,131 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Hollow Drill Bar Price in the United States (FOB) - 2023
In August 2023, the average hollow drill bar export price amounted to $16,620 per ton, picking up by 27% against the previous month. In general, the export price saw prominent growth. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 151% month-to-month. The export price peaked in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($28,809 per ton), while the average price for exports to Mexico ($12,679 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Hollow Drill Bar Imports in the United States
In 2022, imports of hollow drill bars and rods into the United States dropped dramatically to 3.4K tons, reducing by -29.6% against the year before. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year.
In value terms, hollow drill bar imports plummeted to $9.1M in 2022. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 19%.
| Import of Hollow Drill Bar in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.8 | 2.4 | 3.3 | 4.1 | -5.1% |
| China | 3.7 | 1.3 | 3.1 | 3.0 | -6.8% |
| Sweden | 2.1 | 4.3 | 4.0 | 0.8 | -27.5% |
| Italy | 0.3 | 1.2 | 1.3 | 0.6 | 26.0% |
| South Africa | 1.9 | 0.4 | 0.1 | 0.4 | -40.5% |
| Others | 0.2 | 0.5 | 0.2 | 0.1 | -20.6% |
| Total | 12.9 | 10.1 | 12.0 | 9.1 | -11.0% |
Top Suppliers of Hollow Drill Bar to the United States in 2022:
- China (1762.5 tons)
- United Kingdom (903.5 tons)
- Italy (349.1 tons)
- Sweden (186.9 tons)
- South Africa (151.4 tons)
Hollow Drill Bar Exports in the United States
In 2022, after three years of growth, there was significant decline in shipments abroad of hollow drill bars and rods, when their volume decreased by -44% to 1.4K tons. In general, exports saw a pronounced decline. The growth pace was the most rapid in 2020 when exports increased by 53% against the previous year.
In value terms, hollow drill bar exports contracted significantly to $8.2M in 2022. Overall, exports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Hollow Drill Bar in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.3 | 6.4 | 3.4 | 3.5 | -6.6% |
| Canada | 3.1 | 6.2 | 7.1 | 3.3 | 2.1% |
| Others | 1.2 | 1.0 | 1.3 | 1.4 | 5.3% |
| Total | 8.6 | 13.5 | 11.9 | 8.2 | -1.6% |
Top Export Markets for Hollow Drill Bar from the United States in 2022:
- Canada (704.1 tons)
- Mexico (628.9 tons)
This report provides an in-depth analysis of the hollow drill bar market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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