Indonesia: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Indonesia

In 2021, the Indonesian centrifugal clothes-dryer market decreased by -82.6% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Indonesia

After two years of decline, shipments abroad of centrifugal clothes-dryers increased by 311% to X units in 2021. In general, exports showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 2,470%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 1,422%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X units) was the main destination for centrifugal clothes-dryer exports from Indonesia, accounting for a 76% share of total exports. Moreover, centrifugal clothes-dryer exports to Nigeria exceeded the volume sent to the second major destination, Fiji (X units), more than tenfold. The third position in this ranking was taken by Timor-Leste (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (0.0% per year) and Timor-Leste (+53.3% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for centrifugal clothes-dryers exports from Indonesia, comprising 81% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.5% share of total exports. It was followed by Fiji, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+141.9% per year) and Fiji (0.0% per year).

Export Prices by Country

The average centrifugal clothes-dryer export price stood at $X per unit in 2021, surging by 189% against the previous year. Overall, the export price continues to indicate strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+176.4%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Indonesia

In 2021, supplies from abroad of centrifugal clothes-dryers decreased by -72.6% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 107% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, centrifugal clothes-dryer imports fell dramatically to $X in 2021. In general, imports showed a deep contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 149%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest centrifugal clothes-dryer supplier to Indonesia, with a 80% share of total imports. Moreover, centrifugal clothes-dryer imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Singapore (X units) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.5% per year) and Singapore (-27.4% per year).

In value terms, the United States ($X) constituted the largest supplier of centrifugal clothes-dryers to Indonesia, comprising 89% of total imports. The second position in the ranking was taken by China ($X), with a 6.7% share of total imports. It was followed by Singapore, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.6% per year) and Singapore (-35.1% per year).

Import Prices by Country

The average centrifugal clothes-dryer import price stood at $X per unit in 2021, dropping by -42.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 32%. The import price peaked at $X per unit in 2020, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 States (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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