Peru: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Peru

The Peruvian hollow drill bar market skyrocketed to $X in 2021, surging by 85% 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 saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Hollow Drill Bar Exports

Exports from Peru

Hollow drill bar exports from Peru contracted remarkably to X tons in 2021, with a decrease of -23.3% on the year before. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 194%. As a result, the exports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, hollow drill bar exports contracted rapidly to $X in 2021. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 224%. The exports peaked at $X in 2020, and then fell sharply in the following year.

Exports by Country

Brazil (X tons) was the main destination for hollow drill bar exports from Peru, accounting for a 63% share of total exports. Moreover, hollow drill bar exports to Brazil exceeded the volume sent to the second major destination, Ecuador (X tons), fourfold. The third position in this ranking was held by Chile (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil amounted to +66.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+96.7% per year) and Chile (+9.1% per year).

In value terms, Brazil ($X) emerged as the key foreign market for hollow drill bars and rods exports from Peru, comprising 59% of total exports. The second position in the ranking was held by Ecuador ($X), with a 13% share of total exports. It was followed by Colombia, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+80.3% per year) and Colombia (-4.2% per year).

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, with a decrease of -15.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 38% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat 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 Bolivia ($X per ton), while the average price for exports to India ($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 Colombia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hollow Drill Bar Imports

Imports into Peru

In 2021, after two years of decline, there was significant growth in purchases abroad of hollow drill bars and rods, when their volume increased by 79% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 157% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, hollow drill bar imports skyrocketed to $X in 2021. Overall, imports enjoyed a notable increase. The pace of growth was the most pronounced in 2015 with an increase of 196% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X tons), Chile (X tons) and Sweden (X tons) were the main suppliers of hollow drill bar imports to Peru, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Sweden ($X) and Chile ($X) appeared to be the largest hollow drill bar suppliers to Peru, together comprising 96% of total imports.

Sweden, with a CAGR of +21.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, dropping by -7.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2015 an increase of 35%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 Sweden ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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