Latin America and the Caribbean: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Latin America and the Caribbean

After three years of decline, the Latin American washing and drying machine market increased by 10% to $X in 2021. Overall, consumption, however, recorded a mild downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Household Washing and Drying Machines in Latin America and the Caribbean

In value terms, washing and drying machine production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Household Washing and Drying Machines

Exports in Latin America and the Caribbean

After six years of growth, shipments abroad of household washing and drying machines decreased by -24.6% to X tons in 2021. Overall, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of 79%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped sharply in the following year.

In value terms, washing and drying machine exports fell rapidly to $X in 2021. In general, exports, however, showed a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of 100% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank markedly in the following year.

Exports by Country

Mexico prevails in exports structure, resulting at X tons, which was near 90% of total exports in 2021. Argentina (X tons), Chile (X tons) and Brazil (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the household washing and drying machines exports, with a CAGR of +4.7% from 2012 to 2021. At the same time, Argentina (+1.5%) displayed positive paces of growth. Brazil experienced a relatively flat trend pattern. By contrast, Chile (-9.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico increased by +19 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest washing and drying machine supplier in Latin America and the Caribbean, comprising 91% of total exports. The second position in the ranking was taken by Argentina ($X), with a 2.9% share of total exports. It was followed by Brazil, with a 2.7% share.

In Mexico, washing and drying machine exports expanded at an average annual rate of +4.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-2.2% per year) and Brazil (-4.9% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by -13.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 11%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Household Washing and Drying Machines

Imports in Latin America and the Caribbean

After three years of decline, purchases abroad of household washing and drying machines increased by 54% to X tons in 2021. Over the period under review, imports, however, showed a noticeable setback. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, washing and drying machine imports soared to $X in 2021. In general, imports, however, showed a perceptible slump. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons), distantly followed by Colombia (X tons), Mexico (X tons), Uruguay (X tons), Paraguay (X tons) and the Dominican Republic (X tons) were the major importers of household washing and drying machines, together committing 74% of total imports. Argentina (X tons), Peru (X tons), Venezuela (X tons), Ecuador (X tons), Belize (X tons), Cuba (X tons) and Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +23.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported household washing and drying machines in Latin America and the Caribbean, comprising 33% of total imports. The second position in the ranking was held by Colombia ($X), with a 14% share of total imports. It was followed by Mexico, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value in Chile amounted to +1.6%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (-0.0% per year) and Mexico (+9.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, which is down by -7.8% against the previous year. In general, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of 1.8%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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