Europe: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in Europe

The Europe hollow drill bar market rose to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hollow Drill Bar Production in Europe

In value terms, hollow drill bar production reached $X in 2022 estimated in export price. Overall, production, however, showed a slight slump. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hollow Drill Bar Exports

Exports in Europe

After two years of growth, shipments abroad of hollow drill bars and rods decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hollow drill bar exports reduced modestly to $X in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the largest exporting country with an export of about X tons, which reached X% of total exports. The UK (X tons) held the second position in the ranking, followed by Italy (X tons). All these countries together took near X% share of total exports. Germany (X tons), Russia (X tons) and France (X tons) followed a long way behind the leaders.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, France (X%) and Italy (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, the UK (X%), Russia (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden, Italy and the UK increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest hollow drill bar supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

In Sweden, hollow drill bar exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Russia ($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 UK (X%), while the other leaders experienced a decline in the export price figures.

Hollow Drill Bar Imports

Imports in Europe

After two years of growth, purchases abroad of hollow drill bars and rods decreased by X% to X tons in 2022. Overall, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hollow drill bar imports amounted to $X in 2022. In general, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France represented the largest importing country with an import of about X tons, which accounted for X% of total imports. Austria (X tons) held the second position in the ranking, followed by Germany (X tons), Sweden (X tons), Norway (X tons) and Russia (X tons). All these countries together held near X% share of total imports. The following importers - Poland (X tons), the UK (X tons), Switzerland (X tons), Albania (X tons) and Bulgaria (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hollow drill bar imports into France stood at X%. At the same time, the UK (X%), Bulgaria (X%), Albania (X%), Switzerland (X%), Germany (X%), Norway (X%) and Sweden (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, Russia (X%) and Poland (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Sweden (X p.p.), the UK (X p.p.), Austria (X p.p.), Norway (X p.p.), Switzerland (X p.p.), Albania (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Poland (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Austria ($X), France ($X) and Sweden ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Norway, Germany, the UK, Poland, Russia, Switzerland, Albania and Bulgaria lagged somewhat behind, together comprising a further X%.

Albania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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