Report Update Nov 1, 2024

Ecuador - Hollow Drill Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Hollow Drill Bar Market 2024

Hollow Drill Bar Market Size in Ecuador

The Ecuadorian hollow drill bar market soared to $X in 2021, with an increase of 373% 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 continues to indicate significant growth. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Hollow Drill Bar Exports

Exports from Ecuador

In 2021, overseas shipments of hollow drill bars and rods decreased by 0% to X kg, falling for the second consecutive year after four years of growth. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 300% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, hollow drill bar exports totaled $X in 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2017 with an increase of 269%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for hollow drill bar exports from Ecuador, accounting for a 97% share of total exports. It was followed by Peru (X kg), with a 2% share of total exports.

From 2016 to 2021, the average annual growth rate of volume to Chile was relatively modest.

From 2016 to 2021, the average annual rate of growth in terms of value to Chile was relatively modest.

Export Prices by Country

The average hollow drill bar export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a sharp descent. The most prominent rate of growth was recorded in 2018 an increase of 83%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-49.6%).

Hollow Drill Bar Imports

Imports into Ecuador

In 2021, the amount of hollow drill bars and rods imported into Ecuador surged to X tons, growing by 334% against the previous year's figure. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by 1,356%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, hollow drill bar imports skyrocketed to $X in 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 2,167% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of hollow drill bar to Ecuador, accounting for a 66% share of total imports. Moreover, hollow drill bar imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +49.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and China (+21.6% per year).

In value terms, Sweden ($X), France ($X) and Norway ($X) appeared to be the largest hollow drill bar suppliers to Ecuador, together comprising 57% of total imports.

Norway, with a CAGR of +66.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hollow drill bar import price amounted to $X per ton, surging by 18% against the previous year. In general, the import price, however, saw a perceptible descent. The growth pace was the most rapid in 2013 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained 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 Sweden ($X per ton), while the price for Belgium ($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 (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hollow drill bars and rods in the world?

China remains the largest hollow drill bar consuming country worldwide, accounting for 30% of total volume. Moreover, hollow drill bar consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. Japan ranked third in terms of total consumption with a 6.4% share.

What are the largest producers of hollow drill bars and rods in the world?

The country with the largest volume of hollow drill bar production was China, accounting for 50% of total volume. Moreover, hollow drill bar production in China exceeded the figures recorded by the second-largest producer, Sweden, threefold. Japan ranked third in terms of total production with a 14% share.

What are the leading suppliers of hollow drill bars and rods to Ecuador?

In value terms, the largest hollow drill bar suppliers to Ecuador were Sweden, France and Norway, together comprising 60% of total imports.

What is the average export price for hollow drill bars and rods in Ecuador?

In 2021, the average hollow drill bar export price amounted to $10,143 per ton, remaining stable against the previous year.

What is the average import price for hollow drill bars and rods in Ecuador?

The average hollow drill bar import price stood at $7,834 per ton in 2021, shrinking by -52% against the previous year.

This report provides an in-depth analysis of the hollow drill bar market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106700 - Hollow drill bars and rods

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023