Europe: Laundry Machine Market 2024

Laundry Machine Market Size in Europe

After two years of growth, the Europe laundry machine market decreased by -26.4% to $X in 2021. In general, consumption recorded a slight shrinkage. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Laundry Machine Production in Europe

In value terms, laundry machine production reached $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 17%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Laundry Machine Exports

Exports in Europe

In 2021, overseas shipments of washing, bleaching or dyeing machines increased by 20% to X units for the first time since 2018, thus ending a two-year declining trend. The total export volume 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 pace of growth was the most pronounced in 2016 when exports increased by 22%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, laundry machine exports surged to $X in 2021. The total export value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Italy (X units) and Germany (X units) were the key exporters of washing, bleaching or dyeing machines in Europe, together recording near 70% of total exports. Spain (X units) took the next position in the ranking, followed by Greece (X units). All these countries together took approx. 20% share of total exports. The following exporters - the UK (X units), the Netherlands (X units) and Poland (X units) - each accounted for a 5.5% 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 Poland (with a CAGR of +7.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest laundry machine supplying countries in Europe were Italy ($X), Germany ($X) and Greece ($X), with a combined 86% share of total exports. These countries were followed by Spain, the Netherlands, the UK and Poland, which together accounted for a further 8.1%.

Among the main exporting countries, the Netherlands, with a CAGR of +11.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 7.5% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%), while the other leaders experienced more modest paces of growth.

Laundry Machine Imports

Imports in Europe

After five years of growth, supplies from abroad of washing, bleaching or dyeing machines decreased by -46.3% to X units in 2021. In general, imports, however, posted pronounced growth. The growth pace was the most rapid in 2019 with an increase of 62%. The volume of import peaked at X units in 2020, and then plummeted in the following year.

In value terms, laundry machine imports fell to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.8% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 32%. Over the period under review, imports attained the maximum at $X in 2020, and then declined in the following year.

Imports by Country

The purchases of the twelve major importers of washing, bleaching or dyeing machines, namely the UK, Germany, France, Italy, the Netherlands, Portugal, Bosnia and Herzegovina, Serbia, Romania, Spain, Russia and Croatia, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest laundry machine importing markets in Europe were France ($X), Russia ($X) and Germany ($X), with a combined 42% share of total imports. Portugal, Italy, the UK, the Netherlands, Romania, Spain, Croatia, Serbia and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 40%.

Among the main importing countries, Bosnia and Herzegovina, with a CAGR of +16.9%, 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 Europe amounted to $X per unit, increasing by 68% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform