ASEAN: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in ASEAN

The ASEAN centrifugal clothes-dryer market contracted rapidly to $X in 2021, falling by -28.8% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when the market value increased by 8.5%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Centrifugal Clothes-Dryer Production in ASEAN

In value terms, centrifugal clothes-dryer production declined remarkably to $X in 2021 estimated in export price. In general, production faced a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 65%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports in ASEAN

Centrifugal clothes-dryer exports fell significantly to X units in 2021, which is down by -47.3% compared with the previous year's figure. Over the period under review, exports faced a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 448%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, centrifugal clothes-dryer exports reduced notably to $X in 2021. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 466% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X units), Vietnam (X units) and Malaysia (X units) represented roughly 83% of total exports in 2021. It was distantly followed by Indonesia (X units), committing a 13% share of total exports. Thailand (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +48.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest centrifugal clothes-dryer supplying countries in ASEAN were Vietnam ($X), Singapore ($X) and Thailand ($X), with a combined 75% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +57.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, which is down by -15% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, centrifugal clothes-dryer export price increased by +77.1% against 2014 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by 36%. The level of export peaked at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+29.5%), while the other leaders experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports in ASEAN

In 2021, purchases abroad of centrifugal clothes-dryers decreased by -46.3% to X units, falling for the third consecutive year after four years of growth. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2015 when imports increased by 67%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, centrifugal clothes-dryer imports fell notably to $X in 2021. In general, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 61% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Philippines (X units) represented the major importer of centrifugal clothes-dryers, creating 39% of total imports. Singapore (X units) held the second position in the ranking, distantly followed by Malaysia (X units), Indonesia (X units) and Vietnam (X units). All these countries together held near 51% share of total imports. The following importers - Thailand (X units) and Brunei Darussalam (X units) - each reached a 5.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +13.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Philippines ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 75% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +29.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, shrinking by -9.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform