South-Eastern Asia: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in South-Eastern Asia

The Southeast Asian washing and drying machine market surged to $X in 2021, growing by 28% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 increased by +78.8% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Household Washing and Drying Machines in South-Eastern Asia

In value terms, washing and drying machine production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Household Washing and Drying Machines

Exports in South-Eastern Asia

In 2021, shipments abroad of household washing and drying machines decreased by -49.6% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 34%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, washing and drying machine exports rose modestly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 34%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Vietnam (X tons) dominates exports structure, together comprising 96% of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +9.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) remains the largest washing and drying machine supplier in South-Eastern Asia, comprising 87% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total exports.

In Thailand, washing and drying machine exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+4.2% per year) and Indonesia (+1.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, rising by 103% against the previous year. In general, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+16.0%), while the other leaders experienced a decline in the export price figures.

Imports of Household Washing and Drying Machines

Imports in South-Eastern Asia

In 2021, approx. X tons of household washing and drying machines were imported in South-Eastern Asia; rising by 6.1% against the previous year. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.0% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 27% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, washing and drying machine imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons) represented roughly 83% of total imports in 2021. It was distantly followed by Singapore (X tons), creating a 9% share of total imports. Thailand (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 63% share of total imports. The Philippines, Thailand, Singapore and Cambodia lagged somewhat behind, together accounting for a further 35%.

Thailand, with a CAGR of +22.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, picking up by 5.8% against the previous year. Overall, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in 2020 when the import price increased by 9.4%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Indonesia ($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 (+10.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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