Southern Asia: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Southern Asia

In 2021, the South Asian washing and drying machine market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a slight contraction. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Household Washing and Drying Machines in Southern Asia

In value terms, washing and drying machine production expanded sharply to $X in 2021 estimated in export price. In general, production, however, showed a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 73%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Household Washing and Drying Machines

Exports in Southern Asia

In 2021, exports of household washing and drying machines in Southern Asia shrank to X tons, declining by -6.6% on the previous year. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 106% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, washing and drying machine exports dropped to $X in 2021. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 73%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, resulting at X tons, which was near 97% of total exports in 2021. Pakistan (X tons) held a little share of total exports.

India was also the fastest-growing in terms of the household washing and drying machines exports, with a CAGR of +17.4% from 2012 to 2021. Pakistan (-12.7%) illustrated a downward trend over the same period. India (+28 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -28.2% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest washing and drying machine supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 3.1% share of total exports.

In India, washing and drying machine exports increased at an average annual rate of +16.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, picking up by 3.1% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2013 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.8%).

Imports of Household Washing and Drying Machines

Imports in Southern Asia

In 2021, purchases abroad of household washing and drying machines increased by 6.6% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a tangible expansion. The growth pace was the most rapid in 2017 when imports increased by 60% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, washing and drying machine imports expanded remarkably to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) represented the largest importer of household washing and drying machines, comprising 65% of total imports. It was distantly followed by Bangladesh (X tons), Nepal (X tons) and Pakistan (X tons), together making up a 29% share of total imports. The following importers - Sri Lanka (X tons) and Maldives (X tons) - each resulted at a 3.9% share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of household washing and drying machines. At the same time, Nepal (+25.4%), Bangladesh (+19.3%), Pakistan (+6.5%) and Maldives (+6.0%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +25.4% from 2012-2021. By contrast, Sri Lanka (-2.0%) illustrated a downward trend over the same period. While the share of Bangladesh (+9.1 p.p.), Nepal (+8.6 p.p.) and Pakistan (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-17.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported household washing and drying machines in Southern Asia, comprising 65% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 13% share of total imports. It was followed by Nepal, with a 9.8% share.

In India, washing and drying machine imports contracted by an average annual rate of -2.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+18.0% per year) and Nepal (+22.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 2% against the previous year. Overall, the import price, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2014 when the import price increased by 6.9%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Bangladesh ($X per ton) and Maldives ($X per ton), while Pakistan ($X per ton) and Nepal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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