EU: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in the EU

In 2021, the EU dry-cleaning machine market was finally on the rise to reach $X after three years of decline. In general, consumption, however, recorded a noticeable slump. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Dry-Cleaning Machine Production in the EU

In value terms, dry-cleaning machine production fell modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 32%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Dry-Cleaning Machine Exports

Exports in the EU

In 2021, shipments abroad of dry-cleaning machines increased by 17% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible setback. The growth pace was the most rapid in 2017 when exports increased by 124%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dry-cleaning machine exports contracted to $X in 2021. Overall, exports, however, showed a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 6.5% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Germany (X units) represented the key exporter of dry-cleaning machines, achieving 72% of total exports. It was distantly followed by Italy (X units), generating a 17% share of total exports. The following exporters - Austria (X units) and Portugal (X units) - together made up 5.8% of total exports.

Germany was also the fastest-growing in terms of the dry-cleaning machines exports, with a CAGR of +18.4% from 2012 to 2021. At the same time, Austria (+12.1%) and Portugal (+8.0%) displayed positive paces of growth. By contrast, Italy (-19.4%) illustrated a downward trend over the same period. While the share of Germany (+62 p.p.) and Austria (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Italy (-64.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest dry-cleaning machine supplier in the European Union, comprising 73% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Portugal, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value in Italy amounted to -10.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-7.4% per year) and Portugal (+5.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, waning by -20.8% against the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2019 an increase of 69% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the other leaders experienced a decline in the export price figures.

Dry-Cleaning Machine Imports

Imports in the EU

Dry-cleaning machine imports soared to X units in 2021, jumping by 486% against 2020 figures. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dry-cleaning machine imports fell to $X in 2021. Over the period under review, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 46%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark dominates imports structure, amounting to X units, which was approx. 90% of total imports in 2021. The following importers - France (X units) and Ireland (X units) - each reached a 4.4% share of total imports.

Denmark was also the fastest-growing in terms of the dry-cleaning machines imports, with a CAGR of +132.1% from 2012 to 2021. At the same time, Ireland (+64.5%) displayed positive paces of growth. By contrast, France (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark and Ireland increased by +90 and +1.9 percentage points, respectively.

In value terms, France ($X) constitutes the largest market for imported dry-cleaning machines in the European Union, comprising 24% of total imports. The second position in the ranking was held by Denmark ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in France stood at -3.5%. In the other countries, the average annual rates were as follows: Denmark (+18.6% per year) and Ireland (+26.9% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, waning by -85.1% against the previous year. Over the period under review, the import price continues to indicate a dramatic descent. The most prominent rate of growth was recorded in 2020 when the import price increased by 47% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 France ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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