Benelux: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in Benelux

The Benelux hollow drill bar market contracted significantly to $X in 2023, dropping by X% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Hollow Drill Bar Production in Benelux

In value terms, hollow drill bar production surged to $X in 2023 estimated in export price. The total production indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2017 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Hollow Drill Bar Exports

Exports in Benelux

In 2023, the amount of hollow drill bars and rods exported in Benelux skyrocketed to X tons, rising by X% on the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, hollow drill bar exports soared to $X in 2023. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands was the key exporter of hollow drill bars and rods in Benelux, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Belgium (X tons), generating a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%).

In value terms, the Netherlands ($X) remains the largest hollow drill bar supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, hollow drill bar exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Hollow Drill Bar Imports

Imports in Benelux

In 2023, purchases abroad of hollow drill bars and rods was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, hollow drill bar imports soared to $X in 2023. Overall, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the Netherlands (X tons) represented the major importer of hollow drill bars and rods, mixing up X% of total imports. Belgium (X tons) held the second position in the ranking, followed by Luxembourg (X tons). All these countries together took near X% share of total imports.

Imports into the Netherlands decreased at an average annual rate of X% from 2012 to 2023. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2023. By contrast, Luxembourg (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) and Luxembourg (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported hollow drill bars and rods in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

In the Netherlands, hollow drill bar imports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, rising by X% against the previous year. Import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hollow drill bar import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform