Pakistan: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Pakistan

In 2021, the Pakistani washing and drying machine market increased by 22% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate prominent growth. Washing and drying machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Household Washing and Drying Machines

Exports from Pakistan

In 2021, shipments abroad of household washing and drying machines increased by 21% to X tons, rising for the third consecutive year after six years of decline. In general, exports, however, faced a abrupt setback. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

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

Exports by Country

Afghanistan (X tons) was the main destination for washing and drying machine exports from Pakistan, with a 64% share of total exports. Moreover, washing and drying machine exports to Afghanistan exceeded the volume sent to the second major destination, Iraq (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan amounted to -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+101.8% per year) and the United Arab Emirates (+0.0% per year).

In value terms, Afghanistan ($X) remains the key foreign market for household washing and drying machines exports from Pakistan, comprising 66% of total exports. The second position in the ranking was taken by Iraq ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Afghanistan amounted to -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+105.9% per year) and the United Arab Emirates (+8.2% per year).

Export Prices by Country

In 2021, the average washing and drying machine export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to the United Arab Emirates ($X per ton) and Afghanistan ($X per ton), while the average price for exports to Yemen ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Household Washing and Drying Machines

Imports into Pakistan

In 2021, overseas purchases of household washing and drying machines increased by 28% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 66%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, washing and drying machine imports skyrocketed to $X in 2021. Overall, imports posted a noticeable expansion. The growth pace was the most rapid in 2017 with an increase of 48% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of washing and drying machine to Pakistan, with a 61% share of total imports. Moreover, washing and drying machine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.7% per year) and Thailand (+2.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of household washing and drying machines to Pakistan, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Thailand, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.7% per year) and Thailand (-1.9% per year).

Import Prices by Country

In 2021, the average washing and drying machine import price amounted to $X per ton, with a decrease of -6% against the previous year. Overall, the import price showed a perceptible decrease. The growth pace was the most rapid in 2019 an increase of 8.2% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :