Canada: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Canada

The Canadian centrifugal clothes-dryer market skyrocketed to $X in 2021, increasing by 78% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a deep setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Canada

After three years of growth, shipments abroad of centrifugal clothes-dryers decreased by -26.6% to X units in 2021. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 755%. Over the period under review, the exports reached the maximum at X units in 2020, and then contracted significantly in the following year.

In value terms, centrifugal clothes-dryer exports contracted remarkably to $X in 2021. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 614%. The exports peaked at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

The Netherlands (X units) was the main destination for centrifugal clothes-dryer exports from Canada, with a 73% share of total exports. Moreover, centrifugal clothes-dryer exports to the Netherlands exceeded the volume sent to the second major destination, Nigeria (X units), eightfold. New Zealand (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +94.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+602.4% per year) and New Zealand (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for centrifugal clothes-dryers exports from Canada, comprising 73% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 9% share of total exports. It was followed by New Zealand, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +103.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+931.3% per year) and New Zealand (0.0% per year).

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, increasing by 5.1% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, centrifugal clothes-dryer export price increased by +94.8% against 2014 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 36%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per unit) and the United States ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Canada

Centrifugal clothes-dryer imports into Canada soared to X units in 2021, growing by 53% against the previous year. Over the period under review, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2019 when imports increased by 85% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, centrifugal clothes-dryer imports skyrocketed to $X in 2021. Overall, imports posted noticeable growth. The most prominent rate of growth was recorded in 2019 when imports increased by 75%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Thailand (X units) were the main suppliers of centrifugal clothes-dryer imports to Canada, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Thailand ($X) appeared to be the largest centrifugal clothes-dryer suppliers to Canada, together comprising 95% of total imports.

China, with a CAGR of +13.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average centrifugal clothes-dryer import price amounted to $X per unit, approximately reflecting the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 14%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Denmark ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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