Thailand: Hollow Drill Bar Market 2025

Hollow Drill Bar Market Size in Thailand

In 2021, the Thai hollow drill bar market increased by 8.7% to $X, rising for the third year in a row after two years of decline. In general, consumption enjoyed buoyant growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Hollow Drill Bar Production in Thailand

In value terms, hollow drill bar production shrank to $X in 2021 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.9% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 33%. Hollow drill bar production peaked at $X in 2020, and then dropped in the following year.

Hollow Drill Bar Exports

Exports from Thailand

In 2021, shipments abroad of hollow drill bars and rods decreased by -22.5% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 177%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hollow drill bar exports skyrocketed to $X in 2021. Overall, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 298%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) were the main destinations of hollow drill bar exports from Thailand, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +567.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for hollow drill bars and rods exports from Thailand, comprising 91% of total exports. The second position in the ranking was held by Myanmar ($X), with a 6.3% share of total exports. It was followed by Taiwan (Chinese), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +492.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+25.2% per year) and Taiwan (Chinese) (+44.2% per year).

Export Prices by Country

The average hollow drill bar export price stood at $X per ton in 2021, surging by 85% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 169%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Maldives (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hollow Drill Bar Imports

Imports into Thailand

In 2021, supplies from abroad of hollow drill bars and rods was finally on the rise to reach X tons after two years of decline. In general, imports posted a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of 676% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, hollow drill bar imports soared to $X in 2021. Overall, imports, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2015 with an increase of 322% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) was the main supplier of hollow drill bar to Thailand, with a 92% share of total imports. Moreover, hollow drill bar imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+74.2% per year) and Taiwan (Chinese) (+102.0% per year).

In value terms, Japan ($X) constituted the largest supplier of hollow drill bars and rods to Thailand, comprising 93% of total imports. The second position in the ranking was taken by China ($X), with a 5.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+81.7% per year) and Taiwan (Chinese) (+113.5% per year).

Import Prices by Country

In 2021, the average hollow drill bar import price amounted to $X per ton, waning by -11.7% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 12%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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