CIS: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in CIS

The CIS centrifugal clothes-dryer market rose notably to $X in 2021, picking up by 8.4% against the previous year. Overall, consumption, however, continues to indicate a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Centrifugal Clothes-Dryer Production in CIS

In value terms, centrifugal clothes-dryer production expanded sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt slump. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports in CIS

In 2021, approx. X units of centrifugal clothes-dryers were exported in the CIS; surging by 99% compared with 2020. Over the period under review, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, centrifugal clothes-dryer exports surged to $X in 2021. Overall, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 37% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, amounting to X units, which was near 92% of total exports in 2021. It was distantly followed by Moldova (X units), creating a 6.3% share of total exports. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to centrifugal clothes-dryer exports from Russia stood at +10.3%. At the same time, Moldova (+20.8%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +20.8% from 2012-2021. By contrast, Belarus (-3.5%) illustrated a downward trend over the same period. Moldova (+3.6 p.p.) and Russia (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -4.3% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest centrifugal clothes-dryer supplier in the CIS, comprising 77% of total exports. The second position in the ranking was taken by Moldova ($X), with a 19% share of total exports.

In Russia, centrifugal clothes-dryer exports plunged by an average annual rate of -4.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Moldova (+17.7% per year) and Belarus (-8.5% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, reducing by -37.7% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (-2.5%), while the other leaders experienced a decline in the export price figures.

Centrifugal Clothes-Dryer Imports

Imports in CIS

In 2021, centrifugal clothes-dryer imports in the CIS skyrocketed to X units, with an increase of 38% on 2020 figures. Overall, imports showed a pronounced increase. The growth pace was the most rapid in 2016 when imports increased by 112% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, centrifugal clothes-dryer imports soared to $X in 2021. In general, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of 81% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X units) represented the key importer of centrifugal clothes-dryers, creating 58% of total imports. Moldova (X units) took the second position in the ranking, followed by Kazakhstan (X units) and Uzbekistan (X units). All these countries together took near 32% share of total imports. The following importers - Belarus (X units), Kyrgyzstan (X units) and Armenia (X units) - together made up 8.2% of total imports.

From 2012 to 2021, average annual rates of growth with regard to centrifugal clothes-dryer imports into Russia stood at -1.1%. At the same time, Armenia (+43.5%), Kyrgyzstan (+34.9%), Moldova (+32.7%), Uzbekistan (+13.9%) and Kazakhstan (+2.2%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +43.5% from 2012-2021. By contrast, Belarus (-5.4%) illustrated a downward trend over the same period. While the share of Moldova (+13 p.p.), Uzbekistan (+7.6 p.p.), Kyrgyzstan (+2.5 p.p.) and Armenia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-3.8 p.p.) and Russia (-21.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest centrifugal clothes-dryer importing markets in the CIS were Russia ($X), Moldova ($X) and Kazakhstan ($X), with a combined 77% share of total imports. Uzbekistan, Belarus, Armenia and Kyrgyzstan lagged somewhat behind, together accounting for a further 20%.

In terms of the main importing countries, Armenia, with a CAGR of +44.7%, 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 the CIS amounted to $X per unit, surging by 17% against the previous year. Over the period under review, the import price, however, saw a deep setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Moldova ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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