Northern America: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Northern America

In 2021, the North American washing and drying machine market increased by 34% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a noticeable reduction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Household Washing and Drying Machines in Northern America

In value terms, washing and drying machine production rose to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 7.2%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Household Washing and Drying Machines

Exports in Northern America

In 2021, shipments abroad of household washing and drying machines decreased by -23.5% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 2.3% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, washing and drying machine exports skyrocketed to $X in 2021. In general, exports saw a abrupt curtailment. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was approx. 96% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the household washing and drying machines exports, with a CAGR of -23.3% from 2012 to 2021. Canada (-40.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +26 percentage points.

In value terms, the United States ($X) remains the largest washing and drying machine supplier in Northern America, comprising 99% of total exports. The second position in the ranking was held by Canada ($X), with a 1% share of total exports.

In the United States, washing and drying machine exports shrank by an average annual rate of -9.4% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, jumping by 60% against the previous year. In general, the export price posted a resilient increase. The pace of growth was the most pronounced in 2020 when the export price increased by 183% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.0%).

Imports of Household Washing and Drying Machines

Imports in Northern America

In 2021, overseas purchases of household washing and drying machines decreased by -21.8% to X tons, falling for the second year in a row after six years of growth. Over the period under review, imports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, washing and drying machine imports amounted to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value 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, imports increased by +110.0% against 2013 indices. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

The United States represented the major importer of household washing and drying machines in Northern America, with the volume of imports reaching X tons, which was approx. 62% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 37% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Canada (with a CAGR of +9.2%).

In value terms, the United States ($X) constitutes the largest market for imported household washing and drying machines in Northern America, comprising 82% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +4.8%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, picking up by 37% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, washing and drying machine import price increased by +97.7% against 2017 indices. The growth pace was the most rapid in 2020 when the import price increased by 43%. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.5%).

Source: IndexBox Platform

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