In 2023, Germany led the global export market for hollow drill bars and rods, recording a slight increase of 1.84% from the previous year. The United States and Japan followed, with the US experiencing a significant growth of 4.93%, while Japan saw a decline. Sweden, the United Kingdom, and South Africa also experienced negative growth rates. Notably, Portugal and Denmark recorded the highest growth rates among smaller exporters, driven by their strategic market expansions. However, countries like India, Canada, and Mexico faced double-digit declines, reflecting challenges in maintaining their market share.
Future trends to watch include:
- Potential growth across Asian markets, given the rapid industrial developments in the region.
- The impact of geopolitical factors on traditional European exporters such as Germany and Sweden.
- Innovation in production technologies might influence market dynamics and create shifts in competitive advantages.
- Sustainability trends may impact steel production methods, affecting export dynamics globally.
Top countries in Export of Hollow Drill Bars and Rods of Alloy and Non-Alloy Steel by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24,438,000 | 2023 | +1.54% | +1.84% | View data |
| 2 | 2 United States | 20,021,000 | 2023 | +3.53% | +4.93% | View data |
| 3 | 3 Sweden | 17,481,000 | 2023 | -2.59% | -1.79% | View data |
| 4 | 4 Japan | 9,365,400 | 2023 | +3.81% | -3.53% | View data |
| 5 | 5 United Kingdom | 7,364,600 | 2023 | -0.96% | -1.76% | View data |
| 6 | 6 Chile | 6,321,900 | 2023 | +3.6% | -3.17% | View data |
| 7 | 7 China | 5,967,100 | 2023 | +0.99% | -0.85% | View data |
| 8 | 8 South Africa | 5,595,900 | 2023 | -1.89% | -3.24% | View data |
| 9 | 9 United Arab Emirates | 5,180,200 | 2023 | +2.71% | +0.5% | View data |
| 10 | 10 Zambia | 3,125,300 | 2023 | +5.59% | +0.47% | View data |
