New Zealand: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in New Zealand

The New Zealand hollow drill bar market skyrocketed to $X in 2021, surging by 20% 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). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Hollow Drill Bar Exports

Exports from New Zealand

In 2021, the amount of hollow drill bars and rods exported from New Zealand soared to X tons, growing by 429% on the previous year's figure. Over the period under review, exports enjoyed a remarkable increase. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, hollow drill bar exports skyrocketed to $X in 2021. Overall, exports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2019 when exports increased by 987% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for hollow drill bar exports from New Zealand, with a 86% share of total exports. Moreover, hollow drill bar exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +16.2%.

In value terms, Australia ($X) emerged as the key foreign market for hollow drill bars and rods exports from New Zealand, comprising 93% of total exports. The second position in the ranking was taken by Fiji ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +10.4%.

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, with a decrease of -36.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 443% against the previous year. The export price peaked at $X per ton in 2020, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Fiji stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-5.0%), while the prices for the other major destinations experienced a decline.

Hollow Drill Bar Imports

Imports into New Zealand

In 2021, approx. X tons of hollow drill bars and rods were imported into New Zealand; growing by 27% compared with 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 143% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hollow drill bar imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 99% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest hollow drill bar supplier to New Zealand, accounting for a 58% share of total imports. Moreover, hollow drill bar imports from Germany exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. China (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+10.7% per year) and China (-16.4% per year).

In value terms, Germany ($X), Australia ($X) and the United States ($X) appeared to be the largest hollow drill bar suppliers to New Zealand, together comprising 90% of total imports. China, Sweden and Canada lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, Sweden, with a CAGR of +16.3%, recorded the highest rates of growth with regard to 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 average hollow drill bar import price stood at $X per ton in 2021, reducing by -3.4% against the previous year. Overall, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 42%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 the United States ($X per ton), while the price for Germany ($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 United States (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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