China: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in China

The Chinese dry-cleaning machine market shrank sharply to $X in 2021, waning by -22.9% against the previous year. Overall, consumption, however, continues to indicate moderate growth. 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.

Dry-Cleaning Machine Production in China

In value terms, dry-cleaning machine production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 53%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Dry-Cleaning Machine Exports

Exports from China

In 2021, shipments abroad of dry-cleaning machines was finally on the rise to reach X units after five years of decline. In general, exports, however, saw a noticeable setback. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, dry-cleaning machine exports reached $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 18%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for dry-cleaning machine exports from China, with a 47% share of total exports. Moreover, dry-cleaning machine exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), fourfold. The third position in this ranking was held by Malaysia (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+59.6% per year) and Malaysia (+38.2% per year).

In value terms, the largest markets for dry-cleaning machine exported from China were Germany ($X), Vietnam ($X) and the United States ($X), together comprising 56% of total exports.

Vietnam, with a CAGR of +52.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average dry-cleaning machine export price amounted to $X per unit, dropping by -41.3% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 32%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced a decline.

Dry-Cleaning Machine Imports

Imports into China

Dry-cleaning machine imports into China soared to X units in 2021, increasing by 30% on the previous year's figure. In general, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% 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 +32.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 76%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, dry-cleaning machine imports reduced remarkably to $X in 2021. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 20%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of dry-cleaning machine to China, with a 85% share of total imports. Moreover, dry-cleaning machine imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +2.0%.

In value terms, Italy ($X) constituted the largest supplier of dry-cleaning machines to China, comprising 94% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled -6.6%.

Import Prices by Country

The average dry-cleaning machine import price stood at $X per unit in 2021, declining by -36.1% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 42%. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Turkey amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+15.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :