South-Eastern Asia: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in South-Eastern Asia

In 2021, the Southeast Asian dry-cleaning machine market decreased by less than 0.1% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 8.1%. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Dry-Cleaning Machine Production in South-Eastern Asia

In value terms, dry-cleaning machine production totaled $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 8.3% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Dry-Cleaning Machine Exports

Exports in South-Eastern Asia

In 2021, the amount of dry-cleaning machines exported in South-Eastern Asia fell modestly to X units, which is down by -4% against 2020 figures. Overall, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2020 when exports increased by 100%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, dry-cleaning machine exports soared to $X in 2021. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand represented the largest exporter of dry-cleaning machines in South-Eastern Asia, with the volume of exports resulting at X units, which was approx. 63% of total exports in 2021. Singapore (X units) held the second position in the ranking, distantly followed by the Philippines (X units). All these countries together took near 34% share of total exports.

Exports from Thailand decreased at an average annual rate of -27.4% from 2012 to 2021. The Philippines (-3.3%) and Singapore (-9.7%) illustrated a downward trend over the same period. While the share of Singapore (+20 p.p.) and the Philippines (+7.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-30.5 p.p.) displayed negative dynamics.

In value terms, the largest dry-cleaning machine supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and the Philippines ($X), with a combined 72% share of total exports.

In terms of the main exporting countries, Singapore, with a CAGR of -6.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, with an increase of 22% against the previous year. Over the period under review, the export price, however, faced a sharp contraction. The growth pace was the most rapid in 2017 an increase of 108%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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 Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.7%), while the other leaders experienced a decline in the export price figures.

Dry-Cleaning Machine Imports

Imports in South-Eastern Asia

Dry-cleaning machine imports dropped rapidly to X units in 2021, reducing by -93.3% against the year before. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 281%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, dry-cleaning machine imports totaled $X in 2021. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 156%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Philippines (X units) was the main importer of dry-cleaning machines, generating 46% of total imports. Singapore (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (8.6%), Cambodia (7.8%) and Malaysia (6.4%). The following importers - Lao People's Democratic Republic (X units) and Thailand (X units) - together made up 6.6% of total imports.

Imports into the Philippines decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, Lao People's Democratic Republic (+27.7%) and Cambodia (+15.6%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +27.7% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Vietnam (-7.3%), Singapore (-16.9%) and Malaysia (-23.8%) illustrated a downward trend over the same period. While the share of the Philippines (+29 p.p.), Cambodia (+7.2 p.p.), Lao People's Democratic Republic (+3.5 p.p.), Vietnam (+3.3 p.p.) and Thailand (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-14 p.p.) and Malaysia (-16.9 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Malaysia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 74% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +3.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, rising by 1,405% against the previous year. Overall, the import price, however, showed a abrupt descent. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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