Middle East: Laundry Machine Market 2024

Laundry Machine Market Size in the Middle East

The Middle Eastern laundry machine market declined dramatically to $X in 2021, which is down by -26.5% against the previous year. In general, consumption, however, recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Laundry Machine Production in the Middle East

In value terms, laundry machine production fell modestly to $X in 2021 estimated in export price. Overall, production showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Laundry Machine Exports

Exports in the Middle East

In 2021, exports of washing, bleaching or dyeing machines in the Middle East skyrocketed to X units, picking up by 32% compared with 2020 figures. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, laundry machine exports surged to $X in 2021. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Turkey (X units), together accounting for 97% of total export.

Turkey was also the fastest-growing in terms of the washing, bleaching or dyeing machines exports, with a CAGR of +11.6% from 2012 to 2021. From 2012 to 2021, the share of Turkey increased by +4.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest laundry machine supplier in the Middle East.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +21.8%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, rising by 107% against the previous year. Overall, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +9.1% per year.

Laundry Machine Imports

Imports in the Middle East

In 2021, after two years of decline, there was significant growth in supplies from abroad of washing, bleaching or dyeing machines, when their volume increased by 113% to X units. In general, imports, however, continue to indicate a perceptible setback. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, laundry machine imports surged to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +123.8% against 2019 indices. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Iran represented the major importing country with an import of around X units, which accounted for 61% of total imports. It was distantly followed by Turkey (X units), committing a 32% share of total imports. The following importers - Iraq (X units) and the United Arab Emirates (X units) - each accounted for a 4.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iran (with a CAGR of +18.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported washing, bleaching or dyeing machines in the Middle East, comprising 78% of total imports. The second position in the ranking was held by Iran ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 2.5% share.

In Turkey, laundry machine imports expanded at an average annual rate of +2.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Iran (+7.6% per year) and the United Arab Emirates (+0.8% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, shrinking by -14.2% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laundry machine import price increased by +50.5% against 2017 indices. The pace of growth was the most pronounced in 2020 when the import price increased by 43%. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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