India: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in India

The Indian centrifugal clothes-dryer market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.9% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Centrifugal Clothes-Dryer Production in India

In value terms, centrifugal clothes-dryer production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. Centrifugal clothes-dryer production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Centrifugal Clothes-Dryer Exports

Exports from India

In 2021, shipments abroad of centrifugal clothes-dryers decreased by -69.8% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 243% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports contracted remarkably to $X in 2021. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 with an increase of 211% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for centrifugal clothes-dryer exports from India, with a 55% share of total exports. Moreover, centrifugal clothes-dryer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kenya (X units), threefold. The third position in this ranking was taken by Nepal (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+0.5% per year) and Nepal (-6.6% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for centrifugal clothes-dryers exports from India, comprising 47% of total exports. The second position in the ranking was held by Kenya ($X), with a 19% share of total exports. It was followed by Nepal, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+20.7% per year) and Nepal (+12.0% per year).

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, picking up by 34% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Somalia ($X per unit) and Nigeria ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+46.7%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into India

In 2021, supplies from abroad of centrifugal clothes-dryers was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 643%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, centrifugal clothes-dryer imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by 743%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), the United States (X units) and Italy (X units) were the main suppliers of centrifugal clothes-dryer imports to India, with a combined 61% share of total imports. Spain, Germany, the Czech Republic, France, China and Poland lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifugal clothes-dryer suppliers to India were the United States ($X), Italy ($X) and the United Arab Emirates ($X), together accounting for 57% of total imports. These countries were followed by Spain, Germany, the Czech Republic, France, China and Poland, which together accounted for a further 39%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +21.5%, saw the highest growth rate of 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

The average centrifugal clothes-dryer import price stood at $X per unit in 2021, surging by 3.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for the United Arab Emirates ($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 Czech Republic (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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