Asia-Pacific: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Asia-Pacific

For the ninth year in a row, the Asia-Pacific centrifugal clothes-dryer market recorded decline in sales value, which decreased by -3.1% to $X in 2021. Over the period under review, consumption, however, showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Centrifugal Clothes-Dryer Production in Asia-Pacific

In value terms, centrifugal clothes-dryer production stood at $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt curtailment. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports in Asia-Pacific

In 2021, centrifugal clothes-dryer exports in Asia-Pacific declined sharply to X units, dropping by -16.5% against 2020 figures. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 70% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, centrifugal clothes-dryer exports shrank to $X in 2021. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 58%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 85% of total exports in 2021. It was distantly followed by Japan (X units), constituting a 4.7% share of total exports. Australia (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -8.8% from 2012 to 2021. At the same time, Japan (+40.7%) and Australia (+10.6%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +40.7% from 2012-2021. Japan (+4.6 p.p.) and Australia (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -5.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest centrifugal clothes-dryer supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was taken by Australia ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -11.6%. In the other countries, the average annual rates were as follows: Australia (+12.3% per year) and Japan (+32.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, increasing by 14% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.5%), while the other leaders experienced a decline in the export price figures.

Centrifugal Clothes-Dryer Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of centrifugal clothes-dryers decreased by -33.4% to X units, falling for the fourth consecutive year after three years of growth. In general, imports showed a slight shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 47% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer imports contracted rapidly to $X in 2021. Over the period under review, imports showed a mild setback. The growth pace was the most rapid in 2015 with an increase of 35% 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, South Korea (X units), the Philippines (X units), Taiwan (Chinese) (X units) and Singapore (X units) represented the largest importer of centrifugal clothes-dryers in Asia-Pacific, generating 57% of total import. China (X units) took a 6.1% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (5.9%), Japan (5.2%) and Indonesia (4.6%). The following importers - Sri Lanka (X units), Vietnam (X units), Maldives (X units), Pakistan (X units) and Bangladesh (X units) - each resulted at an 11% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifugal clothes-dryer importing markets in Asia-Pacific were China ($X), the Philippines ($X) and South Korea ($X), together comprising 50% of total imports.

Among the main importing countries, the Philippines, with a CAGR of +29.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, with a decrease of -1.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 12%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices failed to regain momentum.

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 China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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