Southern Asia: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Southern Asia

In 2021, the South Asian dry-cleaning machine market was finally on the rise to reach $X after four years of decline. Overall, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dry-Cleaning Machine Production in Southern Asia

In value terms, dry-cleaning machine production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed prominent growth. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Dry-Cleaning Machine Exports

Exports in Southern Asia

In 2021, overseas shipments of dry-cleaning machines decreased by -67.8% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2015 when exports increased by 559%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, dry-cleaning machine exports fell markedly to $X in 2021. Over the period under review, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 227%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, finishing at X units, which was near 98% of total exports in 2021. Sri Lanka (X units) took a minor share of total exports.

Exports from India decreased at an average annual rate of -20.2% from 2012 to 2021. At the same time, Sri Lanka (+100.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +100.0% from 2012-2021. Sri Lanka (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -1.7% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest dry-cleaning machine supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 1.6% share of total exports.

In India, dry-cleaning machine exports plunged by an average annual rate of -7.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, increasing by 140% against the previous year. In general, the export price posted strong growth. The pace of growth was the most pronounced in 2014 an increase of 752% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.9%).

Dry-Cleaning Machine Imports

Imports in Southern Asia

In 2021, purchases abroad of dry-cleaning machines decreased by -57.2% to X units, falling for the third year in a row after five years of growth. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 68%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, dry-cleaning machine imports surged to $X in 2021. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 52% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India was the largest importing country with an import of about X units, which reached 59% of total imports. Pakistan (X units) ranks second in terms of the total imports with a 25% share, followed by Bangladesh (12%). Sri Lanka (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dry-cleaning machine imports into India stood at -10.0%. Sri Lanka (-6.2%), Pakistan (-6.7%) and Bangladesh (-24.2%) illustrated a downward trend over the same period. While the share of India (+16 p.p.) and Pakistan (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-28.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported dry-cleaning machines in Southern Asia, comprising 59% of total imports. The second position in the ranking was held by Bangladesh ($X), with an 18% share of total imports. It was followed by Pakistan, with a 16% share.

In India, dry-cleaning machine imports shrank by an average annual rate of -9.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (-24.6% per year) and Pakistan (+16.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, with an increase of 205% against the previous year. In general, the import price, however, showed a mild descent. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+24.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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