Malaysia: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Malaysia

After three years of growth, the Malaysian hollow drill bar market decreased by -44.4% to $X in 2021. In general, consumption, however, continues to indicate a resilient increase. Hollow drill bar consumption peaked at $X in 2020, and then dropped significantly in the following year.

Hollow Drill Bar Exports

Exports from Malaysia

In 2021, overseas shipments of hollow drill bars and rods increased by 34% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2016 with an increase of 274%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, hollow drill bar exports surged to $X in 2021. In general, exports, however, recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 431%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for hollow drill bar exports from Malaysia, accounting for a 57% share of total exports. Moreover, hollow drill bar exports to Brunei Darussalam exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was taken by Singapore (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brunei Darussalam totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-33.9% per year) and Singapore (-17.3% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for hollow drill bars and rods exports from Malaysia, comprising 57% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total exports. It was followed by Singapore, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brunei Darussalam stood at +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-32.3% per year) and Singapore (-10.5% per year).

Export Prices by Country

The average hollow drill bar export price stood at $X per ton in 2021, reducing by -9.2% against the previous year. Overall, the export price, however, showed a perceptible increase. The growth pace was the most rapid in 2015 when the average export price increased by 137% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Cambodia ($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 China (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hollow Drill Bar Imports

Imports into Malaysia

In 2021, overseas purchases of hollow drill bars and rods decreased by -56.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 402%. Imports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, hollow drill bar imports fell to $X in 2021. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 155%. Over the period under review, imports reached the peak figure at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest hollow drill bar supplier to Malaysia, with a 76% share of total imports. Moreover, hollow drill bar imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.7% per year) and Japan (+33.4% per year).

In value terms, China ($X) constituted the largest supplier of hollow drill bars and rods to Malaysia, comprising 62% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 19% share of total imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.8% per year) and Japan (+33.6% per year).

Import Prices by Country

The average hollow drill bar import price stood at $X per ton in 2021, with an increase of 108% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :