Europe: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Europe

In 2021, the Europe centrifugal clothes-dryer market increased by 8.9% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, saw a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Centrifugal Clothes-Dryer Production in Europe

In value terms, centrifugal clothes-dryer production shrank to $X in 2021 estimated in export price. In general, production faced a abrupt decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 0.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Centrifugal Clothes-Dryer Exports

Exports in Europe

In 2021, overseas shipments of centrifugal clothes-dryers increased by 14% to X units, rising for the second consecutive year after two years of decline. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 53%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, centrifugal clothes-dryer exports reached $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Germany (X units), the UK (X units) and the Netherlands (X units), together finishing at 50% of total export. It was distantly followed by Spain (X units), Poland (X units), Russia (X units) and Romania (X units), together constituting a 31% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of +59.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest centrifugal clothes-dryer supplier in Europe, comprising 46% of total exports. The second position in the ranking was held by Spain ($X), with a 10% share of total exports. It was followed by the UK, with a 7.7% share.

In Germany, centrifugal clothes-dryer exports increased at an average annual rate of +7.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+12.4% per year) and the UK (+2.9% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, which is down by -9.3% against the previous year. Overall, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 when the export price increased by 25%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Centrifugal Clothes-Dryer Imports

Imports in Europe

Centrifugal clothes-dryer imports totaled X units in 2021, picking up by 7.4% against 2020. In general, imports posted a pronounced increase. The most prominent rate of growth was recorded in 2019 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, centrifugal clothes-dryer imports skyrocketed to $X in 2021. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 50%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of centrifugal clothes-dryer imports in 2021 were Belgium (X units), Spain (X units), Romania (X units) and the Netherlands (X units), together recording 71% of total import. It was distantly followed by Portugal (X units), mixing up a 4.8% share of total imports. Germany (X units), Russia (X units), Malta (X units), France (X units) and Lithuania (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifugal clothes-dryer importing markets in Europe were Belgium ($X), the Netherlands ($X) and Spain ($X), together accounting for 54% of total imports.

Belgium, with a CAGR of +37.3%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Europe amounted to $X per unit, with an increase of 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. 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, amid the top importers, the country with the highest price was Germany ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform