Belgium: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Belgium

The Belgian hollow drill bar market reduced remarkably to $X in 2021, which is down by -30.8% against the previous year. Overall, consumption, however, recorded resilient growth. Hollow drill bar consumption peaked at $X in 2020, and then reduced markedly in the following year.

Hollow Drill Bar Production in Belgium

In value terms, hollow drill bar production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Hollow Drill Bar Exports

Exports from Belgium

Hollow drill bar exports from Belgium dropped rapidly to X tons in 2021, which is down by -88% against 2020 figures. In general, exports faced a dramatic decline. The pace of growth was the most pronounced in 2013 with an increase of 486%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hollow drill bar exports contracted markedly to $X in 2021. Over the period under review, exports showed a dramatic decrease. The growth pace was the most rapid in 2013 when exports increased by 1,028%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Guyana (X kg) was the main destination for hollow drill bar exports from Belgium, accounting for a 69% share of total exports. Moreover, hollow drill bar exports to Guyana exceeded the volume sent to the second major destination, Mauritania (X kg), sixfold. Hungary (X kg) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guyana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (0.0% per year) and Hungary (0.0% per year).

In value terms, the largest markets for hollow drill bar exported from Belgium were Hungary ($X), Guyana ($X) and Mauritania ($X), with a combined 77% share of total exports. These countries were followed by Germany and Portugal, which together accounted for a further 23%.

In terms of the main countries of destination, Germany, with a CAGR of +21.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, waning by -53.9% against the previous year. In general, the export price, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2020 an increase of 161% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Guyana ($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 Germany (+5.4%), while the prices for the other major destinations experienced a decline.

Hollow Drill Bar Imports

Imports into Belgium

In 2021, imports of hollow drill bars and rods into Belgium shrank dramatically to X tons, with a decrease of -49.7% on 2020 figures. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 171%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, hollow drill bar imports shrank remarkably to $X in 2021. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 180%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) was the main supplier of hollow drill bar to Belgium, with a 93% share of total imports. Moreover, hollow drill bar imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+119.2% per year) and China (+83.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of hollow drill bars and rods to Belgium, comprising 63% of total imports. The second position in the ranking was held by the United States ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+132.7% per year) and China (+71.2% per year).

Import Prices by Country

In 2021, the average hollow drill bar import price amounted to $X per ton, surging by 37% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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