Asia: Laundry Machine Market 2024

Laundry Machine Market Size in Asia

The Asian laundry machine market fell slightly to $X in 2021, leveling off at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Laundry Machine Production in Asia

In value terms, laundry machine production amounted to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 1.2%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Laundry Machine Exports

Exports in Asia

In 2021, overseas shipments of washing, bleaching or dyeing machines were finally on the rise to reach X units after two years of decline. Total exports indicated a tangible increase from 2012 to 2021: its volume 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, exports decreased by -9.7% against 2018 indices. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, laundry machine exports surged to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, 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.

Exports by Country

Turkey (X units) and Taiwan (Chinese) (X units) represented roughly 80% of total exports in 2021. It was distantly followed by South Korea (X units), making up a 12% share of total exports. The following exporters - China (X units) and Japan (X units) - together made up 4.6% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +15.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X), China ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

Turkey, with a CAGR of +21.8%, recorded 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 unit, picking up by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 when the export price increased by 24%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 Turkey (+9.1%), while the other leaders experienced more modest paces of growth.

Laundry Machine Imports

Imports in Asia

After two years of decline, purchases abroad of washing, bleaching or dyeing machines increased by 13% to X units in 2021. Over the period under review, imports, however, continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2016 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, laundry machine imports surged to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh (X units), Iran (X units) and Vietnam (X units) represented roughly 61% of total imports in 2021. Turkey (X units) held the next position in the ranking, followed by Indonesia (X units) and South Korea (X units). All these countries together took near 26% share of total imports. Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Vietnam ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 54% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +19.7%, saw the highest rates of growth with regard to 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 amounted to $X per unit, jumping by 26% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% 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 +65.6% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 27%. The level of import peaked in 2021 and is likely to see steady 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 ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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