GCC: Laundry Machine Market 2024

Laundry Machine Market Size in GCC

In 2021, the GCC laundry machine market increased by 10% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a deep reduction. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Laundry Machine Production in GCC

In value terms, laundry machine production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 410%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Laundry Machine Exports

Exports in GCC

In 2021, after two years of decline, there was significant growth in shipments abroad of washing, bleaching or dyeing machines, when their volume increased by 191% to X units. Over the period under review, exports, however, recorded a mild shrinkage. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, laundry machine exports skyrocketed to $X in 2021. In general, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when exports increased by 421% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) dominates exports structure, together comprising 95% of total exports. It was distantly followed by Oman (X units), achieving a 4.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +60.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest laundry machine supplier in GCC, comprising 78% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to -6.4%. In the other countries, the average annual rates were as follows: Saudi Arabia (+17.8% per year) and Oman (+53.2% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, surging by 7% against the previous year. In general, the export price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2015 an increase of 94%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia ($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 United Arab Emirates (+2.1%), while the other leaders experienced a decline in the export price figures.

Laundry Machine Imports

Imports in GCC

After three years of decline, purchases abroad of washing, bleaching or dyeing machines increased by 25% to X units in 2021. In general, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 129% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, laundry machine imports expanded notably to $X in 2021. Overall, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 151%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) represented the main importer of washing, bleaching or dyeing machines, creating 69% of total imports. Oman (X units) held the second position in the ranking, distantly followed by Bahrain (X units). All these countries together held near 28% share of total imports. Qatar (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to laundry machine imports into the United Arab Emirates stood at -6.5%. Oman experienced a relatively flat trend pattern. Bahrain (-3.1%) and Qatar (-34.0%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+33 p.p.), Oman (+16 p.p.) and Bahrain (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Qatar (-25.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported washing, bleaching or dyeing machines in GCC, comprising 70% of total imports. The second position in the ranking was held by Oman ($X), with an 18% share of total imports. It was followed by Bahrain, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+9.8% per year) and Bahrain (-0.1% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, with a decrease of -14.5% against the previous year. In general, the import price, however, enjoyed strong growth. The growth pace was the most rapid in 2018 an increase of 206% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+16.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform