Asia-Pacific: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific dry-cleaning machine market decreased by less than 0.1% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 8.1% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Dry-Cleaning Machine Production in Asia-Pacific

In value terms, dry-cleaning machine production stood at $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.3% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Dry-Cleaning Machine Exports

Exports in Asia-Pacific

In 2021, the amount of dry-cleaning machines exported in Asia-Pacific expanded markedly to X units, growing by 6.9% compared with the year before. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 70%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, dry-cleaning machine exports dropped to $X in 2021. In general, exports, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, reaching X units, which was near 64% of total exports in 2021. Thailand (X units) ranks second in terms of the total exports with a 9.8% share, followed by India (7.9%) and Australia (7.3%). Singapore (X units), South Korea (X units) and Japan (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dry-cleaning machine exports from China stood at -3.2%. At the same time, Australia (+37.7%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +37.7% from 2012-2021. By contrast, 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 and Australia increased by +41 and +7.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and India ($X) were the countries with the highest levels of exports in 2021, together accounting for 87% of total exports. These countries were followed by Singapore, Japan, Thailand and Australia, which together accounted for a further 9.3%.

Australia, with a CAGR of +4.2%, 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 a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, with a decrease of -11.2% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2020 an increase of 180%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 South Korea ($X per unit), while Australia ($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-Pacific

After two years of growth, supplies from abroad of dry-cleaning machines decreased by -34.1% to X units in 2021. In general, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 112% against the previous year. The volume of import peaked at X units in 2020, and then fell dramatically in the following year.

In value terms, dry-cleaning machine imports declined sharply to $X in 2021. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Palau dominates imports structure, reaching X units, which was near 90% of total imports in 2021. The following importers - the Philippines (X units) and India (X units) - each reached a 3.6% share of total imports.

Palau was also the fastest-growing in terms of the dry-cleaning machines imports, with a CAGR of +92.7% from 2012 to 2021. The Philippines (-1.3%) and India (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Palau increased by +89 percentage points.

In value terms, India ($X) constitutes the largest market for imported dry-cleaning machines in Asia-Pacific, comprising 16% of total imports. The second position in the ranking was held by the Philippines ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at -9.9%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+3.7% per year) and Palau (+27.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, growing by 2.8% against the previous year. Over the period under review, the import price, however, saw a significant curtailment. The growth pace was the most rapid in 2018 when the import price increased by 45% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Palau ($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 (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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