We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Hong Kong SAR, China - Household Washing and Drying Machines - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Household Washing and Drying Machines - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Sep 4, 2023

Price of Hong Kongs Washing and Drying Machine Drops to $244 per Unit

Hong Kong Washing and Drying Machine Import Price in May 2023

In May 2023, the washing and drying machine price stood at $244 per unit (CIF, Hong Kong), falling by -3.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 14% m-o-m. As a result, import price attained the peak level of $280K per thousand units. From February 2023 to May 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($283 per unit), while the price for Thailand ($181 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+0.9%), while the prices for the other major suppliers experienced a decline.

Hong Kong Washing and Drying Machine Import Prices By Country (USD Per Unit)
COUNTRYImport Price of Washing and Drying Machine in Hong Kong (USD per unit)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Italy483245469395432419407572677377361337283
Poland279284309273240309338423300249316288259
Slovakia217203207196181183191204197210N/A237241
China224250217234248225212221229242247235224
Thailand224293198220282222150143273190268256181
Average253264253274261259238245280264278253244

Hong Kong Washing and Drying Machine Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was drying machines; of a dry linen capacity not exceeding 10kg ($381 per unit), while the price for washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg ($35.5 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by drying machines; of a dry linen capacity not exceeding 10kg (+3.3%), while the prices for the other products experienced mixed trend patterns.

Hong Kong Washing and Drying Machine Imports

In May 2023, the amount of household washing and drying machines imported into Hong Kong dropped to 33K units, waning by -6.8% on April 2023. In general, imports showed a mild shrinkage. The most prominent rate of growth was recorded in April 2023 with an increase of 68% against the previous month. Imports peaked at 41K units in May 2022; however, from June 2022 to May 2023, imports stood at a somewhat lower figure.

In value terms, washing and drying machine imports declined to $8.2M (IndexBox estimates) in May 2023. Overall, imports showed a mild descent. The pace of growth was the most pronounced in April 2023 when imports increased by 52% m-o-m. Imports peaked at 10M units in May 2022; however, from June 2022 to May 2023, imports stood at a somewhat lower figure.

Hong Kong Washing and Drying Machine Imports by Type

In May 2023, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) (32K units) was the main type of washing and drying machine supplied to Hong Kong, accounting for a 95% share of total imports. Moreover, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exceeded the figures recorded for the second-largest type, drying machines; of a dry linen capacity not exceeding 10kg (1.3K units), more than tenfold. The third position in this ranking was held by washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (275 units), with a 0.8% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of import of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) amounted to -1.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: drying machines; of a dry linen capacity not exceeding 10kg (-6.9% per month) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (+1.3% per month).

In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($7.7M) constituted the largest type of washing and drying machine supplied to Hong Kong, comprising 94% of total imports. The second position in the ranking was taken by drying machines; of a dry linen capacity not exceeding 10kg ($479K), with a 5.9% share of total imports. It was followed by washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg, with a 0.1% share.

Hong Kong Washing and Drying Machine Imports by Country

In May 2023, China (21K units) constituted the largest supplier of washing and drying machine to Hong Kong, accounting for a 62% share of total imports. Moreover, washing and drying machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (2.9K units), sevenfold. The third position in this ranking was held by Slovakia (2.9K units), with an 8.7% share.

From May 2022 to May 2023, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (+4.9% per month) and Slovakia (-2.5% per month).

In value terms, China ($4.7M) constituted the largest supplier of washing and drying machine to Hong Kong, comprising 57% of total imports. The second position in the ranking was held by Italy ($828K), with a 10% share of total imports. It was followed by Slovakia, with an 8.5% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (+0.4% per month) and Slovakia (-1.7% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for washing and drying machine in Hong Kong SAR, China. 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 27511300 - Cloth washing and drying machines, of the household type

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Household Washing And Drying Machines - Hong Kong SAR
Table
Household Washing And Drying Machines - Hong Kong SAR - Table
Dashboard
Household Washing And Drying Machines - Hong Kong SAR - Dashboard
Report
Household Washing And Drying Machines - Hong Kong SAR - Report