Report Update Feb 1, 2025

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

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Norway: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Norway

In 2021, the Norwegian hollow drill bar market increased by 2.8% to $X, rising for the second year in a row after three years of decline. Overall, consumption recorded a perceptible slump. Hollow drill bar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hollow Drill Bar Exports

Exports from Norway

In 2021, hollow drill bar exports from Norway fell sharply to X tons, declining by -62.6% on the previous year's figure. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 166% against the previous year. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, hollow drill bar exports declined remarkably to $X in 2021. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by 387%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Finland (X tons), Sweden (X tons) and the UK (X tons) were the main destinations of hollow drill bar exports from Norway, together accounting for 82% of total exports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +41.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for hollow drill bars and rods exports from Norway, comprising 34% of total exports. The second position in the ranking was held by Finland ($X), with a 15% share of total exports. It was followed by Denmark, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+31.6% per year) and Denmark (+35.1% per year).

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, rising by 14% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 381%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Iceland (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hollow Drill Bar Imports

Imports into Norway

In 2021, hollow drill bar imports into Norway fell significantly to X tons, dropping by -16% against the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 68% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then declined significantly in the following year.

In value terms, hollow drill bar imports stood at $X in 2021. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by 62% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Sweden (X tons) and Spain (X tons) were the main suppliers of hollow drill bar imports to Norway, with a combined 94% share of total imports. These countries were followed by Belgium, Denmark and the UK, which together accounted for a further 4.6%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +151.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), China ($X) and Denmark ($X) constituted the largest hollow drill bar suppliers to Norway, with a combined 91% share of total imports. Spain, Belgium and the UK lagged somewhat behind, together accounting for a further 4.9%.

Among the main suppliers, Belgium, with a CAGR of +161.1%, 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

In 2021, the average hollow drill bar import price amounted to $X per ton, surging by 22% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. Over the period under review, average import prices hit record highs 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 UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of hollow drill bar consumption was China, 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, comprising approx. 50% of total volume. Moreover, hollow drill bar production in China exceeded the figures recorded by the second-largest producer, Sweden, threefold. The third position in this ranking was occupied by Japan, with a 14% share.

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

In value terms, Sweden, China and Germany constituted the largest hollow drill bar suppliers to Norway, with a combined 85% share of total imports. The Netherlands, the UK and Denmark lagged somewhat behind, together comprising a further 12%.

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

In value terms, the largest markets for hollow drill bar exported from Norway were Sweden, the UK and Germany, with a combined 90% share of total exports.

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

In 2021, the average hollow drill bar export price amounted to $7,718 per ton, declining by -13.7% against the previous year.

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

In 2021, the average hollow drill bar import price amounted to $2,784 per ton, remaining stable against the previous year.

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

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
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