MENA: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in MENA

In 2021, the MENA's washing and drying machine market decreased by -20.9% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Household Washing and Drying Machines in MENA

In value terms, washing and drying machine production dropped to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.3% against 2012 indices. The growth pace was the most rapid in 2014 when the production volume increased by 11%. The level of production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Household Washing and Drying Machines

Exports in MENA

In 2021, approx. X tons of household washing and drying machines were exported in MENA; with an increase of 47% against the previous year. Over the period under review, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, washing and drying machine exports surged to $X in 2021. Overall, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. 97% of total exports in 2021. Algeria (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the household washing and drying machines exports, with a CAGR of +10.5% from 2012 to 2021. At the same time, Algeria (+9.6%) displayed positive paces of growth. While the share of Turkey (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest washing and drying machine supplier in MENA, comprising 95% of total exports. The second position in the ranking was taken by Algeria ($X), with a 2.1% share of total exports.

In Turkey, washing and drying machine exports expanded at an average annual rate of +12.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, picking up by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Algeria ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.8%).

Imports of Household Washing and Drying Machines

Imports in MENA

Washing and drying machine imports expanded remarkably to X tons in 2021, picking up by 5.1% compared with 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, washing and drying machine imports stood at $X in 2021. In general, imports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Iraq (X tons), Israel (X tons), Morocco (X tons), Saudi Arabia (X tons) and Turkey (X tons) represented roughly 75% of total imports in 2021. Egypt (X tons) ranks next in terms of the total imports with a 5.2% share, followed by Libya (4.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest washing and drying machine importing markets in MENA were the United Arab Emirates ($X), Iraq ($X) and Israel ($X), with a combined 47% share of total imports.

Among the main importing countries, Iraq, with a CAGR of +11.3%, recorded the highest rates of growth with regard to 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

In 2021, the import price in MENA amounted to $X per ton, leveling off at the previous year. In general, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 1.1%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform