Report Republic of Korea - Household Washing and Drying Machines - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Republic of Korea - Household Washing and Drying Machines - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Household Washing and Drying Machines 2025

Market Size for Household Washing and Drying Machines in Republic of Korea

The South Korean washing and drying machine market declined to $X in 2021, which is down by -11.7% against the previous year. In general, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Household Washing and Drying Machines in Republic of Korea

In value terms, washing and drying machine production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Household Washing and Drying Machines

Exports from Republic of Korea

In 2021, shipments abroad of household washing and drying machines decreased by -2.8% to X tons, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 52% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, washing and drying machine exports reached $X in 2021. Overall, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of 38%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Poland (X tons) and China (X tons) were the main destinations of washing and drying machine exports from South Korea, with a combined 30% share of total exports. These countries were followed by the Czech Republic, Australia, Italy, Taiwan (Chinese), Sweden, the United Arab Emirates, the UK, the Dominican Republic, Russia and Saudi Arabia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +63.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Poland ($X) were the largest markets for washing and drying machine exported from South Korea worldwide, with a combined 35% share of total exports. These countries were followed by Australia, the Czech Republic, Italy, Taiwan (Chinese), Russia, the UK, Sweden, Saudi Arabia, the United Arab Emirates and the Dominican Republic, which together accounted for a further 35%.

The Czech Republic, with a CAGR of +59.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average washing and drying machine export price amounted to $X per ton, increasing by 3.6% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Household Washing and Drying Machines

Imports into Republic of Korea

In 2021, purchases abroad of household washing and drying machines decreased by -44.2% to X tons, falling for the second year in a row after six years of growth. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 132% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, washing and drying machine imports fell significantly to $X in 2021. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 87%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of washing and drying machine to South Korea, accounting for a 75% share of total imports. Moreover, washing and drying machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+19.3% per year) and Poland (+46.5% per year).

In value terms, China ($X) constituted the largest supplier of household washing and drying machines to South Korea, comprising 71% of total imports. The second position in the ranking was held by Thailand ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+23.5% per year) and Poland (+40.0% per year).

Import Prices by Country

In 2021, the average washing and drying machine import price amounted to $X per ton, with an increase of 44% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of washing and drying machine consumption, accounting for 30% of total volume. Moreover, washing and drying machine consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Russia, with a 5.1% share.
China constituted the country with the largest volume of washing and drying machine production, accounting for 41% of total volume. Moreover, washing and drying machine production in China exceeded the figures recorded by the second-largest producer, Turkey, sixfold. The third position in this ranking was occupied by Poland, with a 6.6% share.
In value terms, China constituted the largest supplier of washing and drying machine to South Korea, comprising 66% of total imports. The second position in the ranking was occupied by Vietnam, with a 12% share of total imports. It was followed by Thailand, with a 7.4% share.
In value terms, Poland, China and the United States were the largest markets for washing and drying machine exported from South Korea worldwide, together accounting for 40% of total exports.
In 2020, the average washing and drying machine export price amounted to $7,102 per ton, jumping by 34% against the previous year.
In 2020, the average washing and drying machine import price amounted to $4,028 per ton, shrinking by -10.7% against the previous year.

This report provides an in-depth analysis of the market for washing and drying machine in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27511300 - Cloth washing and drying machines, of the household type

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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