Eastern Europe: Laundry Machine Market 2024

Laundry Machine Market Size in Eastern Europe

In 2021, the East European laundry machine market increased by 36% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Laundry Machine Production in Eastern Europe

In value terms, laundry machine production shrank to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 18%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Laundry Machine Exports

Exports in Eastern Europe

In 2021, approx. X units of washing, bleaching or dyeing machines were exported in Eastern Europe; rising by 27% against 2020. Overall, exports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2018 when exports increased by 61%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, laundry machine exports shrank slightly to $X in 2021. In general, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 89%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland was the largest exporting country with an export of about X units, which finished at 61% of total exports. The Czech Republic (X units) took the second position in the ranking, followed by Romania (X units). All these countries together held near 31% share of total exports. Bulgaria (X units) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the washing, bleaching or dyeing machines exports, with a CAGR of +7.3% from 2012 to 2021. Romania (-2.3%), the Czech Republic (-11.4%) and Bulgaria (-13.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland and Romania increased by +41 and +2.8 percentage points, respectively.

In value terms, the Czech Republic ($X) remains the largest laundry machine supplier in Eastern Europe, comprising 53% of total exports. The second position in the ranking was held by Poland ($X), with a 24% share of total exports. It was followed by Romania, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in the Czech Republic stood at -6.2%. In the other countries, the average annual rates were as follows: Poland (+4.6% per year) and Romania (+10.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, reducing by -23.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 36% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 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, the country with the highest price was the Czech Republic ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+13.6%), while the other leaders experienced more modest paces of growth.

Laundry Machine Imports

Imports in Eastern Europe

Laundry machine imports dropped sharply to X units in 2021, falling by -29% against 2020. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 45%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, laundry machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, enjoyed a moderate increase. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Romania (X units) represented the major importer of washing, bleaching or dyeing machines, comprising 33% of total imports. Russia (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (13%), Poland (13%), Bulgaria (9.5%) and Lithuania (4.7%). Hungary (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported washing, bleaching or dyeing machines in Eastern Europe, comprising 56% of total imports. The second position in the ranking was taken by Belarus ($X), with a 17% share of total imports. It was followed by Romania, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +12.7%. In the other countries, the average annual rates were as follows: Belarus (+0.7% per year) and Romania (+1.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, with an increase of 197% against the previous year. In general, the import price saw a measured expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+13.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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