Austria: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Austria

The Austrian hollow drill bar market skyrocketed to $X in 2021, rising by 56% 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, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Hollow Drill Bar Exports

Exports from Austria

In 2021, after two years of decline, there was significant growth in overseas shipments of hollow drill bars and rods, when their volume increased by 2,099% to X tons. In general, exports, however, continue to indicate a abrupt setback. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hollow drill bar exports soared to $X in 2021. Over the period under review, exports, however, recorded a precipitous slump. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Switzerland (X tons) and the United States (X tons) were the main destinations of hollow drill bar exports from Austria, together accounting for 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +410.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X), Norway ($X) and the United States ($X) appeared to be the largest markets for hollow drill bar exported from Austria worldwide, with a combined 96% share of total exports.

The United States, with a CAGR of +235.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, shrinking by -56.4% against the previous year. Overall, the export price faced a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of 121% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Norway ($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 Italy (-5.0%), while the prices for the other major destinations experienced a decline.

Hollow Drill Bar Imports

Imports into Austria

Hollow drill bar imports into Austria skyrocketed to X tons in 2021, growing by 49% on 2020. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, hollow drill bar imports soared to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) was the main supplier of hollow drill bar to Austria, with a 95% share of total imports. It was followed by Germany (X tons), with a 2.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.5% per year) and Slovenia (+127.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of hollow drill bars and rods to Austria, comprising 94% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.0% per year) and Slovenia (+44.7% per year).

Import Prices by Country

The average hollow drill bar import price stood at $X per ton in 2021, rising by 11% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hollow drill bar import price increased by +14.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 80%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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