Singapore: Laundry Machine Market 2025

Laundry Machine Market Size in Singapore

In 2021, the Singaporean laundry machine market increased by 381% to $X for the first time since 2014, thus ending a six-year declining trend. Overall, consumption, however, recorded a perceptible setback. Laundry machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Laundry Machine Production in Singapore

In value terms, laundry machine production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 when the production volume increased by 19%. 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 Singapore

Laundry machine exports from Singapore surged to X units in 2021, with an increase of 77% against the year before. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 433% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, laundry machine exports surged to $X in 2021. Overall, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2019 when exports increased by 425%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X units) was the main destination for laundry machine exports from Singapore, accounting for a 80% share of total exports. Moreover, laundry machine exports to South Korea exceeded the volume sent to the second major destination, Brunei Darussalam (X units), more than tenfold. The third position in this ranking was held by Bangladesh (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+46.8% per year) and Bangladesh (-5.7% per year).

In value terms, the largest markets for laundry machine exported from Singapore were South Korea ($X), China ($X) and Brunei Darussalam ($X), with a combined 92% share of total exports.

Brunei Darussalam, with a CAGR of +104.9%, recorded the highest rates of growth with regard to 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

The average laundry machine export price stood at $X per unit in 2021, increasing by 73% against the previous year. In general, the export price continues to indicate pronounced growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 141%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to India ($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 the Philippines (+121.7%), while the prices for the other major destinations experienced more modest paces of growth.

Laundry Machine Imports

Imports into Singapore

In 2021, imports of washing, bleaching or dyeing machines into Singapore skyrocketed to X units, increasing by 137% compared with 2020 figures. Over the period under review, imports, however, faced a abrupt shrinkage. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, laundry machine imports soared to $X in 2021. Overall, imports, however, faced a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest laundry machine supplier to Singapore, with a 61% share of total imports. Moreover, laundry machine imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), fourfold. The third position in this ranking was held by the UK (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+330.0% per year) and the UK (+59.8% per year).

In value terms, Germany ($X), Slovenia ($X) and China ($X) constituted the largest laundry machine suppliers to Singapore, together accounting for 73% of total imports.

Slovenia, with a CAGR of +103.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average laundry machine import price stood at $X per unit in 2021, increasing by 111% against the previous year. Overall, the import price, however, recorded a perceptible slump. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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