Sweden: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Sweden

The Swedish hollow drill bar market reduced to $X in 2021, declining by -14.6% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.1% against 2017 indices. Hollow drill bar consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Hollow Drill Bar Production in Sweden

In value terms, hollow drill bar production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 7.9%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Hollow Drill Bar Exports

Exports from Sweden

In 2021, hollow drill bar exports from Sweden skyrocketed to X tons, rising by 30% compared with the previous year. Overall, exports, however, recorded a slight descent. The pace of growth was the most pronounced in 2016 when exports increased by 32%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hollow drill bar exports soared to $X in 2021. In general, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of 34%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Austria (X tons) and the United States (X tons) were the main destinations of hollow drill bar exports from Sweden, together accounting for 55% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +16.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Austria ($X) and India ($X) constituted the largest markets for hollow drill bar exported from Sweden worldwide, together comprising 53% of total exports. The United States, Poland, South Korea, South Africa, Norway and Brazil lagged somewhat behind, together accounting for a further 44%.

Among the main countries of destination, the United States, with a CAGR of +11.3%, saw the highest rates of growth with regard to 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

The average hollow drill bar export price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2018 an increase of 8.8%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Poland ($X per ton), while the average price for exports to the United States ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Hollow Drill Bar Imports

Imports into Sweden

In 2021, the amount of hollow drill bars and rods imported into Sweden surged to X tons, jumping by 55% against 2020 figures. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 363% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, hollow drill bar imports soared to $X in 2021. Over the period under review, imports, however, recorded a slight decrease. The pace of growth was the most pronounced in 2016 when imports increased by 192% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Lithuania (X tons) constituted the largest supplier of hollow drill bar to Sweden, accounting for a 83% share of total imports. Moreover, hollow drill bar imports from Lithuania exceeded the figures recorded by the second-largest supplier, Denmark (X tons), ninefold. The third position in this ranking was taken by Finland (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Lithuania amounted to +65.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+100.9% per year) and Finland (+23.9% per year).

In value terms, Finland ($X), Lithuania ($X) and Denmark ($X) were the largest hollow drill bar suppliers to Sweden, together accounting for 89% of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +92.0%, saw the highest growth rate of 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, shrinking by -24.6% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 443%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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