Asia: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Asia

The Asian washing and drying machine market amounted to $X in 2021, remaining stable against the previous year. In general, consumption, however, showed a mild increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Household Washing and Drying Machines in Asia

In value terms, washing and drying machine production contracted to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Household Washing and Drying Machines

Exports in Asia

In 2021, exports of household washing and drying machines in Asia skyrocketed to X tons, surging by 16% on 2020 figures. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, washing and drying machine exports soared to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and Turkey (X tons) prevails in exports structure, together making up 94% of total exports. The following exporters - Thailand (X tons), Vietnam (X tons) and South Korea (X tons) - each accounted for a 5.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +10.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Thailand ($X) were the countries with the highest levels of exports in 2021, together accounting for 95% of total exports.

Turkey, with a CAGR of +12.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by 9.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+16.0%), while the other leaders experienced more modest paces of growth.

Imports of Household Washing and Drying Machines

Imports in Asia

Washing and drying machine imports rose to X tons in 2021, growing by 3.5% compared with the year before. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 21%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, washing and drying machine imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 14%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), distantly followed by the United Arab Emirates (X tons), Iraq (X tons), Indonesia (X tons), Israel (X tons), Kazakhstan (X tons) and Vietnam (X tons) were the major importers of household washing and drying machines, together comprising 54% of total imports. The following importers - China (X tons), Hong Kong SAR (X tons), South Korea (X tons), Saudi Arabia (X tons), Malaysia (X tons) and India (X tons) - each reached a 22% share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of household washing and drying machines. At the same time, China (+20.5%), Vietnam (+17.7%), South Korea (+16.1%), Iraq (+12.8%), Kazakhstan (+8.6%), the United Arab Emirates (+7.7%), Israel (+5.8%), Hong Kong SAR (+3.5%) and Malaysia (+1.5%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.5% from 2012-2021. India and Indonesia experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-4.5%) illustrated a downward trend over the same period. Vietnam (+3.4 p.p.), Iraq (+3.1 p.p.), China (+3 p.p.), the United Arab Emirates (+2.5 p.p.), South Korea (+2.4 p.p.) and Kazakhstan (+2 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Saudi Arabia and Japan saw its share reduced by -1.7%, -3.4% and -6.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported household washing and drying machines in Asia, comprising 25% of total imports. The second position in the ranking was taken by China ($X), with a 9.9% share of total imports. It was followed by the United Arab Emirates, with a 5.6% share.

In Japan, washing and drying machine imports contracted by an average annual rate of -2.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+33.0% per year) and the United Arab Emirates (+4.1% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, surging by 7% against the previous year. Over the period under review, the import price, however, showed a slight slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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