Portugal: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Portugal

In 2021, the Portuguese hollow drill bar market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a mild downturn. Hollow drill bar consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Hollow Drill Bar Production in Portugal

In value terms, hollow drill bar production expanded significantly to $X in 2021 estimated in export price. Overall, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hollow Drill Bar Exports

Exports from Portugal

In 2021, the amount of hollow drill bars and rods exported from Portugal reduced rapidly to X tons, which is down by -49.1% compared with the year before. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 24,484% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, hollow drill bar exports shrank sharply to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 21,820% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Angola (X tons), Senegal (X tons) and Cabo Verde (X tons) were the main destinations of hollow drill bar exports from Portugal, together comprising 87% of total exports.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cabo Verde (with a CAGR of +1,894.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hollow drill bar exported from Portugal were Angola ($X), Senegal ($X) and Cabo Verde ($X), together comprising 93% of total exports.

In terms of the main countries of destination, Cabo Verde, with a CAGR of +3,880.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, surging by 29% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (+94.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hollow Drill Bar Imports

Imports into Portugal

In 2021, approx. X tons of hollow drill bars and rods were imported into Portugal; with an increase of 21% compared with the previous year. Overall, imports recorded a notable increase. The growth pace was the most rapid in 2014 when imports increased by 985% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hollow drill bar imports soared to $X in 2021. Over the period under review, imports posted a measured expansion. The pace of growth appeared the most rapid in 2014 with an increase of 965%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) was the main supplier of hollow drill bar to Portugal, with a 91% share of total imports. Moreover, hollow drill bar imports from Sweden exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +7.6%.

In value terms, Sweden ($X) constituted the largest supplier of hollow drill bars and rods to Portugal, comprising 92% of total imports. The second position in the ranking was taken by Spain ($X), with a 7.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at +7.7%.

Import Prices by Country

The average hollow drill bar import price stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied noticeably 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 Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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