Asia-Pacific: Laundry Machine Market 2024

Laundry Machine Market Size in Asia-Pacific

For the third year in a row, the Asia-Pacific laundry machine market recorded decline in sales value, which decreased by -0.6% to $X in 2021. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Laundry Machine Production in Asia-Pacific

In value terms, laundry machine production reached $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 appeared the most rapid in 2019 when the production volume increased by 1.2% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Laundry Machine Exports

Exports in Asia-Pacific

In 2021, overseas shipments of washing, bleaching or dyeing machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, laundry machine exports skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) was the main exporting country with an export of around X units, which recorded 67% of total exports. South Korea (X units) took the second position in the ranking, distantly followed by China (X units). All these countries together took near 27% share of total exports. Japan (X units) and India (X units) followed a long way behind the leaders.

Taiwan (Chinese) experienced a relatively flat trend pattern with regard to volume of exports of washing, bleaching or dyeing machines. At the same time, India (+27.0%) and China (+15.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +27.0% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-14.3%) illustrated a downward trend over the same period. While the share of China (+4 p.p.), Taiwan (Chinese) (+2.8 p.p.) and India (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-7.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, with a combined 89% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +5.5%, 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 more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, with a decrease of -11.6% against the previous year. Export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the export price increased by 31%. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 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 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 South Korea (+2.4%), while the other leaders experienced more modest paces of growth.

Laundry Machine Imports

Imports in Asia-Pacific

In 2021, purchases abroad of washing, bleaching or dyeing machines decreased by -11.2% to X units, falling for the third year in a row after seven years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 26% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, laundry machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh (X units) and Vietnam (X units) represented the major importers of washing, bleaching or dyeing machines in 2021, reaching approx. 34% and 29% of total imports, respectively. Indonesia (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (8.2%). Taiwan (Chinese) (X units), Thailand (X units) and Japan (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 key importing countries, was attained by Bangladesh (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 58% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +19.7%, saw 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, increasing by 55% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laundry machine import price increased by +88.0% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bangladesh ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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