Saudi Arabia: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Saudi Arabia

The Saudi hollow drill bar market contracted sharply to $X in 2021, with a decrease of -15.9% against the previous year. Overall, consumption, however, showed a pronounced expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Hollow Drill Bar Production in Saudi Arabia

In value terms, hollow drill bar production stood at less than $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume decreased by 99.9% against the previous year. Hollow drill bar production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Hollow Drill Bar Exports

Exports from Saudi Arabia

In 2021, shipments abroad of hollow drill bars and rods increased by 886% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hollow drill bar exports soared to $X in 2021. Over the period under review, exports posted significant growth. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for hollow drill bar exports from Saudi Arabia, with a 556% share of total exports. It was followed by the United Arab Emirates (X tons), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Egypt stood at +2,463.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-21.5% per year) and Bahrain (-17.3% per year).

In value terms, Egypt ($X) emerged as the key foreign market for hollow drill bars and rods exports from Saudi Arabia, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Egypt stood at +794.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-37.1% per year) and Bahrain (-18.4% per year).

Export Prices by Country

In 2021, the average hollow drill bar export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, recorded a modest expansion. The pace of growth was the most pronounced in 2015 an increase of 62%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Egypt ($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 Bahrain (-1.4%), while the prices for the other major destinations experienced a decline.

Hollow Drill Bar Imports

Imports into Saudi Arabia

Hollow drill bar imports into Saudi Arabia shrank to X tons in 2020, which is down by -13.5% compared with the previous year. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 42%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, hollow drill bar imports fell markedly to $X in 2020. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

India (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of hollow drill bar imports to Saudi Arabia, with a combined 38% share of total imports. Moreover, hollow drill bar imports in India exceeded the figures recorded by the second-largest supplier, Japan, more than tenfold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +0.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest hollow drill bar suppliers to Saudi Arabia were Japan ($X), India ($X) and the United States ($X), with a combined 38% share of total imports.

Among the main suppliers, Japan, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average hollow drill bar import price amounted to less than $X per ton, shrinking by 99.9% against the previous year. Overall, the import price faced a abrupt descent. The growth pace was the most rapid in 2018 an increase of 124% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($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 (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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