Middle East: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in the Middle East

The Middle Eastern hollow drill bar market declined dramatically to $X in 2021, with a decrease of -16.5% against the previous year. Overall, consumption, however, enjoyed slight growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Hollow Drill Bar Production in the Middle East

In value terms, hollow drill bar production expanded significantly to $X in 2021 estimated in export price. In general, production showed a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 397% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Hollow Drill Bar Exports

Exports in the Middle East

Hollow drill bar exports declined sharply to X tons in 2021, which is down by -21% on 2020. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 110% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, hollow drill bar exports shrank significantly to $X in 2021. Over the period under review, exports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of 270%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the key exporter of hollow drill bars and rods in the Middle East, with the volume of exports reaching X tons, which was approx. 71% of total exports in 2021. Saudi Arabia (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (6.1%) and Kuwait (5.7%). The following exporters - Lebanon (X tons) and Israel (X tons) - each resulted at a 3.5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to hollow drill bar exports from the United Arab Emirates stood at -3.7%. At the same time, Kuwait (+71.5%), Saudi Arabia (+48.7%), Turkey (+31.8%), Israel (+22.4%) and Lebanon (+9.9%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +71.5% from 2012-2021. While the share of Saudi Arabia (+13 p.p.), Kuwait (+5.6 p.p.) and Turkey (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-25.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2021, with a combined 87% share of total exports.

Saudi Arabia, with a CAGR of +50.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, which is down by -2.1% against the previous year. Over the period under review, the export price, however, recorded a notable increase. The pace of growth appeared the most rapid in 2013 an increase of 76% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Hollow Drill Bar Imports

Imports in the Middle East

For the fourth year in a row, the Middle East recorded decline in purchases abroad of hollow drill bars and rods, which decreased by -89.5% to X tons in 2021. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 963% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, hollow drill bar imports dropped markedly to $X in 2021. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 307%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Oman (X tons) and Israel (X tons) represented the major importers of hollow drill bars and rods in 2021, reaching approx. 33% and 31% of total imports, respectively. It was distantly followed by Turkey (X tons), Bahrain (X tons) and the United Arab Emirates (X tons), together achieving a 26% share of total imports. Kuwait (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lebanon (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hollow drill bar importing markets in the Middle East were Turkey ($X), Israel ($X) and Bahrain ($X), with a combined 77% share of total imports. These countries were followed by Oman, the United Arab Emirates, Kuwait and Lebanon, which together accounted for a further 20%.

Among the main importing countries, Lebanon, with a CAGR of +20.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, picking up by 214% against the previous year. In general, the import price posted a perceptible increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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