Australia: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Australia

The Australian hollow drill bar market surged to $X in 2021, jumping by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a resilient expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Hollow Drill Bar Exports

Exports from Australia

Hollow drill bar exports from Australia shrank sharply to X tons in 2021, which is down by -24.9% compared with 2020 figures. Overall, exports faced a dramatic downturn. The growth pace was the most rapid in 2014 with an increase of 82% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hollow drill bar exports declined remarkably to $X in 2021. In general, exports saw a precipitous contraction. The growth pace was the most rapid in 2018 with an increase of 57% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for hollow drill bar exports from Australia, with a 45% share of total exports. Moreover, hollow drill bar exports to Papua New Guinea exceeded the volume sent to the second major destination, Ghana (X tons), threefold. The third position in this ranking was taken by Cote d'Ivoire (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Papua New Guinea amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-2.9% per year) and Cote d'Ivoire (+106.0% per year).

In value terms, the largest markets for hollow drill bar exported from Australia were Papua New Guinea ($X), Ghana ($X) and New Zealand ($X), together comprising 64% of total exports. Egypt, Cote d'Ivoire, Indonesia, Fiji and Tanzania lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +35.2%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, with an increase of 12% against the previous year. In general, the export price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of 127% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hollow Drill Bar Imports

Imports into Australia

In 2021, imports of hollow drill bars and rods into Australia soared to X tons, rising by 24% against the previous year. Over the period under review, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 84% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, hollow drill bar imports expanded sharply to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of hollow drill bar to Australia, accounting for a 58% share of total imports. Moreover, hollow drill bar imports from Sweden exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-4.8% per year) and China (+10.9% per year).

In value terms, Sweden ($X) constituted the largest supplier of hollow drill bars and rods to Australia, comprising 67% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-3.2% per year) and the UK (-3.1% per year).

Import Prices by Country

In 2021, the average hollow drill bar import price amounted to $X per ton, falling by -8.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 an increase of 50% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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