Philippines: Laundry Machine Market 2025

Laundry Machine Market Size in the Philippines

The Philippine laundry machine market skyrocketed to $X in 2021, picking up by 37% against the previous year. Over the period under review, consumption, however, showed a dramatic contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Laundry Machine Production in the Philippines

In value terms, laundry machine production amounted to $X in 2021 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -42.2% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of 54%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Laundry Machine Exports

Exports from the Philippines

In 2021, exports of washing, bleaching or dyeing machines from the Philippines totaled X units, rising by 7.7% on the previous year. Over the period under review, exports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 550% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, laundry machine exports soared to $X in 2021. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 320% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for laundry machine exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to -20.8%.

In value terms, Singapore ($X) remains the key foreign market for washing, bleaching or dyeing machines exports from the Philippines, comprising 4.1% of total exports. The second position in the ranking was held by South Korea ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-34.2% per year) and Malaysia (-13.7% per year).

Export Prices by Country

The average laundry machine export price stood at $X per unit in 2021, growing by 64% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 an increase of 93%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+98.6%), while the prices for the other major destinations experienced mixed trend patterns.

Laundry Machine Imports

Imports into the Philippines

In 2021, the amount of washing, bleaching or dyeing machines imported into the Philippines skyrocketed to X units, picking up by 74% on the previous year's figure. In general, imports, however, saw a sharp descent. The pace of growth was the most pronounced in 2014 when imports increased by 376%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, laundry machine imports shrank dramatically to $X in 2021. Overall, imports, however, saw a dramatic shrinkage. The growth pace was the most rapid in 2016 when imports increased by 255% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X units), China (X units) and Sweden (X units) were the main suppliers of laundry machine imports to the Philippines, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +17.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Turkey ($X) and the United States ($X) constituted the largest laundry machine suppliers to the Philippines, together accounting for 42% of total imports. Taiwan (Chinese), China, Canada, Thailand and France lagged somewhat behind, together comprising a further 28%.

Canada, with a CAGR of +48.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average laundry machine import price amounted to $X per unit, dropping by -54.6% against the previous year. In general, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 561% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the price for France ($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 (+72.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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