Canada: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Canada

In 2021, the Canadian washing and drying machine market was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a mild contraction. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Household Washing and Drying Machines in Canada

In value terms, washing and drying machine production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by 72%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Household Washing and Drying Machines

Exports from Canada

In 2021, overseas shipments of household washing and drying machines increased by 77% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a sharp curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, washing and drying machine exports skyrocketed to $X in 2021. Overall, exports, however, saw a precipitous descent. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for washing and drying machine exports from Canada, accounting for a 81% share of total exports. Moreover, washing and drying machine exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), ninefold. China (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-2.0% per year) and China (+11.0% per year).

In value terms, the United States ($X) remains the key foreign market for household washing and drying machines exports from Canada, comprising 87% of total exports. The second position in the ranking was taken by Italy ($X), with a 6.6% share of total exports. It was followed by China, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-10.7% per year) and China (+4.2% per year).

Export Prices by Country

In 2021, the average washing and drying machine export price amounted to $X per ton, falling by -8.3% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-4.4%), while the prices for the other major destinations experienced a decline.

Imports of Household Washing and Drying Machines

Imports into Canada

In 2021, imports of household washing and drying machines into Canada skyrocketed to X tons, increasing by 27% against 2020 figures. In general, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, washing and drying machine imports soared to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.4% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons) constituted the largest washing and drying machine supplier to Canada, with a 46% share of total imports. Moreover, washing and drying machine imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. China (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico amounted to +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.4% per year) and China (+7.3% per year).

In value terms, Mexico ($X) constituted the largest supplier of household washing and drying machines to Canada, comprising 45% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Mexico totaled +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.3% per year) and China (+6.7% per year).

Import Prices by Country

The average washing and drying machine import price stood at $X per ton in 2021, with an increase of 2.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 7.2%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :