Asia: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Asia

In 2021, the Asian dry-cleaning machine market decreased by -0.2% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by 8.1% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Dry-Cleaning Machine Production in Asia

In value terms, dry-cleaning machine production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.3%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Dry-Cleaning Machine Exports

Exports in Asia

Dry-cleaning machine exports rose significantly to X units in 2021, increasing by 8.9% on 2020. Over the period under review, exports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 40% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dry-cleaning machine exports shrank modestly to $X in 2021. Overall, exports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China was the largest exporter of dry-cleaning machines in Asia, with the volume of exports resulting at X units, which was near 66% of total exports in 2021. Thailand (X units) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by India (8.2%). Singapore (X units), South Korea (X units) and Japan (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the dry-cleaning machines exports, with a CAGR of -3.2% from 2012 to 2021. Singapore (-9.7%), Japan (-11.0%), South Korea (-19.9%), India (-20.2%) and Thailand (-27.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +44 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dry-cleaning machine supplying countries in Asia were China ($X), South Korea ($X) and India ($X), together comprising 80% of total exports. These countries were followed by Singapore, Japan and Thailand, which together accounted for a further 8.1%.

Among the main exporting countries, Singapore, with a CAGR of -6.4%, 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 a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, waning by -12.2% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the export price increased by 146%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.9%), while the other leaders experienced more modest paces of growth.

Dry-Cleaning Machine Imports

Imports in Asia

In 2021, the amount of dry-cleaning machines imported in Asia dropped notably to X units, with a decrease of -84.6% against 2020 figures. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 280%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dry-cleaning machine imports amounted to $X in 2021. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Qatar (X units), the Philippines (X units), India (X units), China (X units) and Singapore (X units) represented roughly 63% of total imports in 2021. Pakistan (X units), the United Arab Emirates (X units), South Korea (X units), Vietnam (X units), Cambodia (X units), Bangladesh (X units) and Malaysia (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +15.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest dry-cleaning machine importing markets in Asia were Vietnam ($X), India ($X) and the United Arab Emirates ($X), together accounting for 33% of total imports. These countries were followed by China, Malaysia, the Philippines, Bangladesh, Singapore, Pakistan, South Korea, Cambodia and Qatar, which together accounted for a further 38%.

In terms of the main importing countries, Pakistan, with a CAGR of +16.2%, recorded 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 Asia stood at $X per unit in 2021, rising by 576% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+24.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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