The global export market for hollow drill bars and rods of alloy and non-alloy steel exhibits varied performances across countries. In 2023, Germany led the market with a 1.84% increase, followed by significant growth in the United States at 4.93%. Conversely, Sweden and Japan saw contractions of -1.79% and -3.53%, respectively. Major growth drivers included Malaysia's 18.18% rise and Portugal's remarkable 70.47% surge. However, Canada's sector declined by -12.51%, while India's exports dropped drastically by -25.35%, reflecting regional market volatility.
Future trends to watch will include technological advancements in steel manufacturing and geopolitical stability affecting trade relationships. Countries like Israel and Oman are poised for growth, as reflected in their recent substantial increases. Additionally, green technology and sustainability are likely to impact global trade dynamics and preferences for steel exports. Keeping an eye on regulatory changes and demand shifts will be integral to navigating this evolving market landscape.
Top countries in Export of Hollow Drill Bars and Rods of Alloy and Non-Alloy Steel Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.61 | 2023 | +1.54% | +1.84% | View data |
| 2 | 2 United States | 16.07 | 2023 | +3.53% | +4.93% | View data |
| 3 | 3 Sweden | 14.03 | 2023 | -2.59% | -1.79% | View data |
| 4 | 4 Japan | 7.52 | 2023 | +3.81% | -3.53% | View data |
| 5 | 5 United Kingdom | 5.91 | 2023 | -0.96% | -1.76% | View data |
| 6 | 6 Chile | 5.07 | 2023 | +3.6% | -3.17% | View data |
| 7 | 7 China | 4.79 | 2023 | +0.99% | -0.85% | View data |
| 8 | 8 South Africa | 4.49 | 2023 | -1.89% | -3.24% | View data |
| 9 | 9 United Arab Emirates | 4.16 | 2023 | +2.71% | +0.5% | View data |
| 10 | 10 Zambia | 2.51 | 2023 | +5.59% | +0.47% | View data |
