Singapore: Market for Household Washing and Drying Machines 2025

Market Size for Household Washing and Drying Machines in Singapore

The Singaporean washing and drying machine market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Washing and drying machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Household Washing and Drying Machines

Exports from Singapore

In 2021, approx. X tons of household washing and drying machines were exported from Singapore; waning by -68.2% compared with 2020 figures. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 94% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, washing and drying machine exports reduced sharply to $X in 2021. In general, exports saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of 70%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Cambodia (X tons) and Hong Kong SAR (X tons) were the main destinations of washing and drying machine exports from Singapore, together comprising 28% of total exports. These countries were followed by China, Thailand, Fiji, Maldives, New Zealand, Mongolia, the United Arab Emirates, Israel, Vietnam and Cameroon, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +24.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and Cambodia ($X) constituted the largest markets for washing and drying machine exported from Singapore worldwide, with a combined 31% share of total exports. Hong Kong SAR, Thailand, Fiji, New Zealand, Maldives, Mongolia, Israel, Vietnam, Cameroon and the United Arab Emirates lagged somewhat behind, together comprising a further 35%.

New Zealand, with a CAGR of +23.4%, recorded the highest growth rate of the value of exports, among 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

The average washing and drying machine export price stood at $X per ton in 2021, picking up by 19% against the previous year. In general, the export price, however, saw a slight decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+2.8%), while the prices for the other major destinations experienced a decline.

Imports of Household Washing and Drying Machines

Imports into Singapore

After three years of decline, supplies from abroad of household washing and drying machines increased by 16% to X tons in 2021. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 30%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, washing and drying machine imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest washing and drying machine supplier to Singapore, accounting for a 50% share of total imports. Moreover, washing and drying machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.9% per year) and Vietnam (+90.2% per year).

In value terms, China ($X) constituted the largest supplier of household washing and drying machines to Singapore, comprising 50% of total imports. The second position in the ranking was held by Thailand ($X), with a 20% share of total imports. It was followed by Vietnam, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.1% per year) and Vietnam (+80.6% per year).

Import Prices by Country

In 2021, the average washing and drying machine import price amounted to $X per ton, surging by 4.1% against the previous year. Overall, the import price, however, recorded a perceptible slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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