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South Africa - Hollow Drill Bars And Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHollow Drill Bar Price in South Africa - 2023
Contents:
- Hollow Drill Bar Price in South Africa (CIF) - 2023
- Hollow Drill Bar Price in South Africa (FOB) - 2023
- Hollow Drill Bar Imports in South Africa
- Hollow Drill Bar Exports in South Africa
Hollow Drill Bar Price in South Africa (CIF) - 2023
In July 2023, the average hollow drill bar import price amounted to $7,345 per ton, rising by 5.1% against the previous month. In general, the import price showed measured growth. The most prominent rate of growth was recorded in June 2023 an increase of 132% against the previous month. Over the period under review, average import prices attained the peak figure in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($17,011 per ton), while the price for Sweden ($5,065 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Hollow Drill Bar Price in South Africa (FOB) - 2023
In July 2023, the average hollow drill bar export price amounted to $6,339 per ton, jumping by 125% against the previous month. In general, the export price continues to indicate perceptible growth. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 145% m-o-m. Over the period under review, the average export prices reached the peak figure at $8,462 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Democratic Republic of the Congo ($8,003 per ton), while the average price for exports to India ($2,592 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Hollow Drill Bar Imports in South Africa
Hollow drill bar imports into South Africa surged to 1.6K tons in 2022, picking up by 21% on 2021. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hollow drill bar imports rose notably to $6.7M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 119%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
Import of Hollow Drill Bar in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 979 | 1,035 | 1,968 | 2,112 | 29.2% |
Canada | 164 | 698 | 2,155 | 2,010 | 130.6% |
China | 684 | 379 | 712 | 1,169 | 19.6% |
Germany | 208 | 301 | 677 | 1,143 | 76.5% |
United Kingdom | 0.2 | 0.1 | N/A | 98.0 | 688.4% |
Hong Kong SAR | N/A | 9.5 | N/A | 57.2 | 145.4% |
United States | 198 | 0.1 | 0.3 | N/A | -96.1% |
Others | 223 | 229 | 303 | 83.3 | -28.0% |
Total | 2,455 | 2,653 | 5,815 | 6,673 | 39.6% |
Top Suppliers of Hollow Drill Bar to South Africa in 2022:
- Sweden (484.9 tons)
- China (466.8 tons)
- Germany (359.7 tons)
- Canada (243.3 tons)
- Hong Kong SAR (25.6 tons)
- United Kingdom (25.0 tons)
Hollow Drill Bar Exports in South Africa
In 2022, approx. 1.2K tons of hollow drill bars and rods were exported from South Africa; surging by 8.6% on 2021. In general, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year.
In value terms, hollow drill bar exports shrank to $4.2M in 2022. Over the period under review, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 77% against the previous year.
Export of Hollow Drill Bar in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zimbabwe | 1,074 | 821 | 1,735 | 978 | -3.1% |
Democratic Republic of the Congo | 550 | 55.1 | 1,189 | 884 | 17.1% |
Zambia | 953 | 451 | 435 | 626 | -13.1% |
Namibia | 353 | 113 | 192 | 405 | 4.7% |
India | 465 | 332 | 159 | 327 | -11.1% |
Botswana | 208 | 118 | 273 | 212 | 0.6% |
Mozambique | 335 | 98.2 | 33.7 | 163 | -21.3% |
United States | 1,686 | 257 | 129 | 129 | -57.5% |
Swaziland | 77.3 | 37.5 | 61.7 | 68.4 | -4.0% |
Canada | 508 | 54.4 | N/A | 42.6 | -56.2% |
Others | 334 | 218 | 314 | 382 | 4.6% |
Total | 6,542 | 2,555 | 4,521 | 4,216 | -13.6% |
Top Export Markets for Hollow Drill Bar from South Africa in 2022:
- Namibia (279.9 tons)
- Democratic Republic of the Congo (218.5 tons)
- India (143.4 tons)
- Zimbabwe (142.9 tons)
- Zambia (119.3 tons)
- United States (82.0 tons)
- Swaziland (50.9 tons)
- Mozambique (47.2 tons)
- Botswana (40.9 tons)
- Canada (13.5 tons)
This report provides an in-depth analysis of the hollow drill bar market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106700 - Hollow drill bars and rods
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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