Eastern Europe: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Eastern Europe

In 2021, the East European hollow drill bar market decreased by -10.2% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption showed a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hollow Drill Bar Production in Eastern Europe

In value terms, hollow drill bar production reduced notably to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 55% against the previous year. As a result, production attained the peak level of $X, and then fell significantly in the following year.

Hollow Drill Bar Exports

Exports in Eastern Europe

In 2021, hollow drill bar exports in Eastern Europe rose sharply to X tons, picking up by 13% compared with the previous year. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 56%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hollow drill bar exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of 83%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons), the Czech Republic (X tons), Poland (X tons) and Lithuania (X tons) represented roughly 90% of total exports in 2021. It was distantly followed by Ukraine (X tons), comprising a 5.5% share of total exports. Belarus (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +59.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hollow drill bar supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Russia ($X), with a combined 80% share of total exports. These countries were followed by Lithuania, Ukraine and Belarus, which together accounted for a further 19%.

Among the main exporting countries, Belarus, with a CAGR of +26.7%, recorded the highest growth rate of 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 export price in Eastern Europe amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 40%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+14.8%), while the other leaders experienced mixed trends in the export price figures.

Hollow Drill Bar Imports

Imports in Eastern Europe

In 2021, purchases abroad of hollow drill bars and rods decreased by -11% to X tons, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hollow drill bar imports expanded slightly to $X in 2021. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 52%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia represented the largest importer of hollow drill bars and rods in Eastern Europe, with the volume of imports resulting at X tons, which was near 62% of total imports in 2021. It was distantly followed by Poland (X tons), the Czech Republic (X tons), Ukraine (X tons) and Lithuania (X tons), together constituting a 30% share of total imports. Romania (X tons) and Estonia (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to hollow drill bar imports into Russia stood at -2.3%. At the same time, Estonia (+45.0%) and Lithuania (+1.1%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +45.0% from 2012-2021. By contrast, Ukraine (-11.8%), the Czech Republic (-15.1%), Poland (-16.5%) and Romania (-22.1%) illustrated a downward trend over the same period. While the share of Russia (+30 p.p.), Lithuania (+2.9 p.p.) and Estonia (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Czech Republic (-4.4 p.p.), Romania (-11.4 p.p.) and Poland (-16.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported hollow drill bars and rods in Eastern Europe, comprising 67% of total imports. The second position in the ranking was taken by Poland ($X), with a 14% share of total imports. It was followed by Romania, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +3.4%. In the other countries, the average annual rates were as follows: Poland (-12.0% per year) and Romania (-16.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, picking up by 17% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. 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 +29.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 83% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while Lithuania ($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 Czech Republic (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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