South-Eastern Asia: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in South-Eastern Asia

The Southeast Asian centrifugal clothes-dryer market shrank rapidly to $X in 2021, which is down by -28.8% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 8.5% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Centrifugal Clothes-Dryer Production in South-Eastern Asia

In value terms, centrifugal clothes-dryer production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 65% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports in South-Eastern Asia

In 2021, exports of centrifugal clothes-dryers in South-Eastern Asia declined significantly to X units, which is down by -47.3% compared with the previous year. Over the period under review, exports faced a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by 448% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports contracted notably to $X in 2021. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 466%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units), Vietnam (X units) and Malaysia (X units) represented roughly 83% of total exports in 2021. It was distantly followed by Indonesia (X units), mixing up a 13% share of total exports. Thailand (X units) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +48.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, together comprising 75% of total exports.

Vietnam, with a CAGR of +57.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, declining by -15% against the previous year. Export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, centrifugal clothes-dryer export price increased by +77.1% against 2014 indices. The most prominent rate of growth was recorded in 2017 an increase of 36% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+29.5%), while the other leaders experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of centrifugal clothes-dryers decreased by -46.3% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when imports increased by 67% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer imports reduced dramatically to $X in 2021. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2015 when imports increased by 61%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines represented the largest importer of centrifugal clothes-dryers in South-Eastern Asia, with the volume of imports resulting at X units, which was approx. 39% of total imports in 2021. Singapore (X units) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (14%), Indonesia (11%) and Vietnam (5.4%). The following importers - Thailand (X units) and Brunei Darussalam (X units) - each amounted to a 5.3% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +13.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest centrifugal clothes-dryer importing markets in South-Eastern Asia were the Philippines ($X), Singapore ($X) and Malaysia ($X), together accounting for 75% of total imports.

Among the main importing countries, the Philippines, with a CAGR of +29.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, shrinking by -9.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 23%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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