Colombia: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Colombia

The Colombian hollow drill bar market was estimated at $X in 2021, increasing by 2.3% 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). Overall, consumption saw a deep setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Hollow Drill Bar Exports

Exports from Colombia

Hollow drill bar exports from Colombia soared to X tons in 2021, picking up by 20% on the previous year. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 415% against the previous year. Over the period under review, the exports reached the peak figure 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 skyrocketed to $X in 2021. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 209%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons), Sweden (X tons) and Argentina (X kg) were the main destinations of hollow drill bar exports from Colombia, with a combined 60% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +103.4%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for hollow drill bars and rods exports from Colombia, comprising 29% of total exports. The second position in the ranking was held by Peru ($X), with a 12% share of total exports. It was followed by Chile, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +86.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-6.1% per year) and Chile (+22.8% per year).

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, picking up by 29% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Peru ($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 the Dominican Republic (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hollow Drill Bar Imports

Imports into Colombia

In 2021, supplies from abroad of hollow drill bars and rods decreased by -5.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 50% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, hollow drill bar imports rose markedly to $X in 2021. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Austria (X tons), Germany (X tons) and China (X tons) were the main suppliers of hollow drill bar imports to Colombia, with a combined 87% 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 Austria (with a CAGR of +5.5%), while imports for the other leaders experienced a decline.

In value terms, the largest hollow drill bar suppliers to Colombia were Germany ($X), China ($X) and Sweden ($X), together accounting for 61% of total imports. These countries were followed by Austria, Canada and the United States, which together accounted for a further 25%.

Austria, with a CAGR of +5.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average hollow drill bar import price amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 66% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Austria ($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 (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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