Bangladesh: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Bangladesh

The Bangladeshi hollow drill bar market dropped sharply to $X in 2021, waning by -31.6% against the previous year. Overall, consumption faced a abrupt downturn. Hollow drill bar consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Hollow Drill Bar Production in Bangladesh

In value terms, hollow drill bar production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 when the production volume increased by 13%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Hollow Drill Bar Exports

Exports from Bangladesh

For the third year in a row, Bangladesh recorded growth in shipments abroad of hollow drill bars and rods, which increased by 20% to X tons in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 122% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, hollow drill bar exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 101% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for hollow drill bar exports from Bangladesh, accounting for a 98% share of total exports. It was followed by Myanmar (X kg), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India stood at +29.3%.

In value terms, India ($X) remains the key foreign market for hollow drill bars and rods exports from Bangladesh, comprising 99% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +22.2%.

Export Prices by Country

The average hollow drill bar export price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the export price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Myanmar totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (-2.1%).

Hollow Drill Bar Imports

Imports into Bangladesh

In 2021, overseas purchases of hollow drill bars and rods were finally on the rise to reach X kg after two years of decline. Over the period under review, imports, however, recorded a precipitous decrease. The growth pace was the most rapid in 2015 when imports increased by 84% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, hollow drill bar imports reduced to $X in 2021. In general, imports, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2015 with an increase of 204%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X kg), India (X kg) and Singapore (X kg) were the main suppliers of hollow drill bar imports to Bangladesh, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +21.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of hollow drill bars and rods to Bangladesh, comprising 75% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Singapore stood at +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-45.7% per year) and China (-17.9% per year).

Import Prices by Country

The average hollow drill bar import price stood at $X per ton in 2021, declining by -40.8% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 174%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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