Global Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size

In 2021, the global centrifugal clothes-dryer market increased by 4.1% to $X, rising for the third year in a row after six years of decline. Over the period under review, consumption, however, showed a slight setback. Global consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Centrifugal Clothes-Dryer Production

In value terms, centrifugal clothes-dryer production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 2.2% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Centrifugal Clothes-Dryer Exports

Exports

In 2021, shipments abroad of centrifugal clothes-dryers increased by 7.9% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 16%. The global exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, centrifugal clothes-dryer exports amounted to $X in 2021. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 18%. Over the period under review, the global exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of around X units, which accounted for 29% of total exports. Brazil (X units) took the second position in the ranking, followed by Germany (X units), the UK (X units), the Netherlands (X units) and Argentina (X units). All these countries together took approx. 37% share of total exports. Spain (X units), Poland (X units), Turkey (X units), Russia (X units), Romania (X units), Denmark (X units) and Japan (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -8.8% from 2012 to 2021. At the same time, Romania (+59.3%), Japan (+40.7%), the Netherlands (+36.3%), Poland (+24.8%), the UK (+15.7%), Russia (+10.3%), Spain (+10.1%), Brazil (+8.6%) and Germany (+4.5%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of +59.3% from 2012-2021. Denmark experienced a relatively flat trend pattern. By contrast, Argentina (-8.9%) and Turkey (-36.0%) illustrated a downward trend over the same period. China (+13 p.p.), Brazil (+7.8 p.p.), the UK (+6.8 p.p.), the Netherlands (+6.6 p.p.), Germany (+6.2 p.p.), Poland (+3.6 p.p.), Spain (+3.5 p.p.), Argentina (+3 p.p.), Russia (+2.7 p.p.), Romania (+2.6 p.p.) and Japan (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Turkey saw its share reduced by -37% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and Brazil ($X) were the countries with the highest levels of exports in 2021, together comprising 45% of global exports. Argentina, Spain, the UK, the Netherlands, Turkey, Romania, Poland, Denmark, Russia and Japan lagged somewhat behind, together comprising a further 23%.

In terms of the main exporting countries, Romania, with a CAGR of +54.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, with an increase of 6.4% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, centrifugal clothes-dryer export price increased by +93.6% against 2015 indices. The pace of growth appeared the most rapid in 2016 an increase of 56% against the previous year. The global export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 global leaders experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports

For the fifth year in a row, the global market recorded growth in overseas purchases of centrifugal clothes-dryers, which increased by 4.4% to X units in 2021. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 234%. Global imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, centrifugal clothes-dryer imports stood at $X in 2021. Overall, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 85% against the previous year. Global imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Nigeria prevails in imports structure, recording X units, which was near 77% of total imports in 2021. The following importers - Belgium (X units), Spain (X units), Romania (X units) and the Netherlands (X units) - together made up 12% of total imports.

Nigeria was also the fastest-growing in terms of the centrifugal clothes-dryers imports, with a CAGR of +79.8% from 2012 to 2021. At the same time, Romania (+34.9%), Belgium (+34.7%), Spain (+12.6%) and the Netherlands (+7.2%) displayed positive paces of growth. Nigeria (+75 p.p.), Belgium (+2.7 p.p.) and Romania (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while the Netherlands saw its share reduced by -2.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported centrifugal clothes-dryers worldwide, comprising 42% of global imports. The second position in the ranking was held by Belgium ($X), with a 9.1% share of global imports. It was followed by the Netherlands, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria totaled +76.8%. In the other countries, the average annual rates were as follows: Belgium (+37.3% per year) and the Netherlands (+12.7% per year).

Import Prices by Country

The average centrifugal clothes-dryer import price stood at $X per unit in 2021, increasing by 9.1% against the previous year. Overall, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2016 when the average import price increased by 15%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a 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 the Netherlands ($X per unit), while Nigeria ($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 (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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