Asia-Pacific: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Asia-Pacific

The Asia-Pacific washing and drying machine market reached $X in 2021, increasing by 3.7% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Production of Household Washing and Drying Machines in Asia-Pacific

In value terms, washing and drying machine production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Household Washing and Drying Machines

Exports in Asia-Pacific

In 2021, washing and drying machine exports in Asia-Pacific reached X tons, surging by 3.3% compared with 2020 figures. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 13%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, washing and drying machine exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor 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 dominates exports structure, accounting for X tons, which was approx. 90% of total exports in 2021. The following exporters - Thailand (X tons), Vietnam (X tons) and South Korea (X tons) - each finished at an 8.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to washing and drying machine exports from China stood at +3.2%. At the same time, Vietnam (+9.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.5% from 2012-2021. By contrast, South Korea (-6.3%) and Thailand (-13.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest washing and drying machine supplier in Asia-Pacific, comprising 76% of total exports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total exports. It was followed by South Korea, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +1.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+0.4% per year) and South Korea (-4.1% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 11% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: 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 mixed trends in the export price figures.

Imports of Household Washing and Drying Machines

Imports in Asia-Pacific

Washing and drying machine imports stood at X tons in 2021, almost unchanged from 2020 figures. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.1% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 15% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, washing and drying machine imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), distantly followed by Australia (X tons), Indonesia (X tons), Vietnam (X tons), China (X tons), Hong Kong SAR (X tons), South Korea (X tons), Malaysia (X tons) and India (X tons) were the key importers of household washing and drying machines, together generating 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported household washing and drying machines in Asia-Pacific, comprising 31% of total imports. The second position in the ranking was held by Australia ($X), with a 14% share of total imports. It was followed by China, with a 12% share.

In Japan, washing and drying machine imports shrank 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: Australia (+2.1% per year) and China (+33.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, increasing by 10% against the previous year. In general, the import price, however, showed a mild descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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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