Eastern Asia: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Eastern Asia

In 2021, the East Asian centrifugal clothes-dryer market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, consumption, however, showed a deep setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Centrifugal Clothes-Dryer Production in Eastern Asia

In value terms, centrifugal clothes-dryer production reached $X in 2021 estimated in export price. Overall, production, however, recorded a deep setback. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Centrifugal Clothes-Dryer Exports

Exports in Eastern Asia

In 2021, exports of centrifugal clothes-dryers in Eastern Asia reduced sharply to X units, waning by -17.2% on 2020 figures. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 74%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports shrank modestly to $X in 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 66%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 92% of total exports in 2021. It was distantly followed by Japan (X units), comprising a 5.1% share of total exports.

Exports from China decreased at an average annual rate of -8.8% from 2012 to 2021. At the same time, Japan (+40.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +40.7% from 2012-2021. While the share of Japan (+5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-3.8 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest centrifugal clothes-dryer supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by Japan ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled -11.6%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, rising by 17% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 an increase of 36%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 China ($X per unit), while Japan amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.1%).

Centrifugal Clothes-Dryer Imports

Imports in Eastern Asia

In 2021, the amount of centrifugal clothes-dryers imported in Eastern Asia declined to X units, waning by -8.8% on 2020. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 43% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, centrifugal clothes-dryer imports dropped modestly to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 38%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X units), distantly followed by Taiwan (Chinese) (X units), China (X units) and Japan (X units) represented the largest importers of centrifugal clothes-dryers, together creating 95% of total imports. The following importers - Hong Kong SAR (X units) and Macao SAR (X units) - each finished at a 4.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Macao SAR (with a CAGR of +65.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported centrifugal clothes-dryers in Eastern Asia, comprising 50% of total imports. The second position in the ranking was held by South Korea ($X), with a 23% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

In China, centrifugal clothes-dryer imports expanded at an average annual rate of +4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+17.2% per year) and Taiwan (Chinese) (-1.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, increasing by 8.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 37%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat 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 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 China (+16.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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