South-Eastern Asia: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in South-Eastern Asia

In 2022, the Southeast Asian hollow drill bar market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Hollow Drill Bar Production in South-Eastern Asia

In value terms, hollow drill bar production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hollow Drill Bar Exports

Exports in South-Eastern Asia

In 2022, the amount of hollow drill bars and rods exported in South-Eastern Asia was estimated at X tons, growing by X% against 2021. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 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 contracted modestly to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the major exporting country with an export of about X tons, which reached X% of total exports. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and Myanmar (X%). Vietnam (X tons) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), Singapore (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest hollow drill bar supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

In Thailand, hollow drill bar exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Hollow Drill Bar Imports

Imports in South-Eastern Asia

Hollow drill bar imports reduced notably to X tons in 2022, falling by X% against 2021. Over the period under review, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, hollow drill bar imports shrank to $X in 2022. Overall, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) was the major importer of hollow drill bars and rods, achieving X% of total imports. Myanmar (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%) and Malaysia (X%). Vietnam (X tons), the Philippines (X tons) and Singapore (X tons) took a minor share of total imports.

Imports into Indonesia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%), Singapore (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Thailand and Malaysia increased by X, X and X percentage points, respectively.

In value terms, Indonesia ($X), Thailand ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

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

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Myanmar ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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