Report Update Jan 1, 2025

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

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Kuwait: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Kuwait

In 2021, the Kuwaiti hollow drill bar market increased by 20% to $X for the first time since 2014, thus ending a six-year declining trend. Over the period under review, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Hollow Drill Bar Production in Kuwait

In value terms, hollow drill bar production stood at $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. Hollow drill bar production peaked in 2021 and is likely to continue growth in the immediate term.

Hollow Drill Bar Exports

Exports from Kuwait

In 2021, shipments abroad of hollow drill bars and rods increased by 150% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,350% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, hollow drill bar exports surged to $X in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 253%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for hollow drill bar exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +71.8%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for hollow drill bars and rods exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +41.5%.

Export Prices by Country

The average hollow drill bar export price stood at $X per ton in 2021, increasing by 9.5% against the previous year. Overall, the export price, however, faced a abrupt slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to -17.7% per year.

Hollow Drill Bar Imports

Imports into Kuwait

For the fourth year in a row, Kuwait recorded decline in overseas purchases of hollow drill bars and rods, which decreased by -47% to X tons in 2021. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 804% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, hollow drill bar imports contracted remarkably to $X in 2021. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 682%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main hollow drill bar supplier to Kuwait, accounting for a 92% share of total imports. Moreover, hollow drill bar imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold. France (X kg) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-17.9% per year) and France (-25.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hollow drill bars and rods to Kuwait, comprising 77% of total imports. The second position in the ranking was held by France ($X), with a 5.2% share of total imports. It was followed by Spain, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.5% per year) and Spain (-17.9% per year).

Import Prices by Country

In 2021, the average hollow drill bar import price amounted to $X per ton, surging by 56% against the previous year. Overall, the import price posted a prominent expansion. The growth pace was the most rapid in 2020 an increase of 57%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+22.1%), 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. The third position in this ranking was occupied by Japan, with a 6.4% share.

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

China remains the largest hollow drill bar producing country worldwide, 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 Kuwait?

In value terms, the United Arab Emirates constituted the largest supplier of hollow drill bar to Kuwait, comprising 78% of total imports. The second position in the ranking was occupied by France, with a 5.3% share of total imports. It was followed by India, with a 3.7% share.

What are the leading importers of hollow drill bars and rods from Kuwait?

In value terms, Saudi Arabia remains the key foreign market for hollow drill bar exports from Kuwait.

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

The average hollow drill bar export price stood at $1,811 per ton in 2021, remaining constant against the previous year.

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

The average hollow drill bar import price stood at $3,150 per ton in 2021, with a decrease of -22.1% against the previous year.

This report provides an in-depth analysis of the hollow drill bar market in Kuwait. 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:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024