Northern America: Laundry Machine Market 2024

Laundry Machine Market Size in Northern America

The North American laundry machine market dropped modestly to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Laundry Machine Production in Northern America

In value terms, laundry machine production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 7.2% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Laundry Machine Exports

Exports in Northern America

In 2021, after two years of decline, there was significant growth in shipments abroad of washing, bleaching or dyeing machines, when their volume increased by 56% to X units. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 2,051% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, laundry machine exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 149% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, finishing at X units, which was near 98% of total exports in 2021. Canada (X units) held a minor share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of washing, bleaching or dyeing machines. Canada (-10.9%) illustrated a downward trend over the same period. While the share of the United States (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-3.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest laundry machine supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, surging by 32% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 1,322%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+21.7%).

Laundry Machine Imports

Imports in Northern America

In 2021, the amount of washing, bleaching or dyeing machines imported in Northern America soared to X units, with an increase of 27% against 2020 figures. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 64%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, laundry machine imports skyrocketed to $X in 2021. Total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.5% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 96%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Canada (X units) was the major importer of washing, bleaching or dyeing machines, committing 72% of total imports. It was distantly followed by the United States (X units), creating a 27% share of total imports.

Imports into Canada increased at an average annual rate of +8.3% from 2012 to 2021. At the same time, the United States (+8.4%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.4% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported washing, bleaching or dyeing machines in Northern America, comprising 82% of total imports. The second position in the ranking was held by Canada ($X), with an 18% share of total imports.

In the United States, laundry machine imports increased at an average annual rate of +6.7% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, with a decrease of -1.9% against the previous year. In general, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2015 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.6%).

Source: IndexBox Platform

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