Southern Asia: Ironing Machine Market 2022

Ironing Machine Market Size in Southern Asia

In 2021, the South Asian ironing machine market increased by X% to $X for the first time since 2016, thus ending a four-year declining trend. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Ironing Machine Production in Southern Asia

In value terms, ironing machine production declined remarkably to $X in 2021 estimated in export price. In general, production, however, posted significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020, and then reduced dramatically in the following year.

Ironing Machine Exports

Exports in Southern Asia

Ironing machine exports surged to X units in 2021, with an increase of X% on the previous year. Over the period under review, exports, however, showed a perceptible reduction. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ironing machine exports amounted to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2021. It was distantly followed by Sri Lanka (X units), committing a X% share of total exports.

Exports from India decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Sri Lanka (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2012-2021. While the share of Sri Lanka (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-X p.p.) displayed negative dynamics.

In value terms, India ($X) emerged as the largest ironing machine supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

In India, ironing machine exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, shrinking by -X% against the previous year. Overall, the export price, however, continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sri Lanka ($X per unit), while India amounted to $X per unit.

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

Ironing Machine Imports

Imports in Southern Asia

In 2021, approx. X units of ironing machines and presses were imported in Southern Asia; picking up by X% against the year before. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, ironing machine imports rose notably 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 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India prevails in imports structure, reaching X units, which was approx. X% of total imports in 2021. It was distantly followed by Sri Lanka (X units), committing a X% share of total imports. The following importers - Bangladesh (X units) and Bhutan (X units) - together made up X% of total imports.

India was also the fastest-growing in terms of the ironing machines and presses imports, with a CAGR of +X% from 2012 to 2021. At the same time, Bhutan (+X%) and Sri Lanka (+X%) displayed positive paces of growth. By contrast, Bangladesh (-X%) illustrated a downward trend over the same period. India (+X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Bangladesh saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ironing machine importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together comprising X% of total imports. Bhutan lagged somewhat behind, comprising a further X the main importing countries, Bhutan, with a CAGR of +X%, 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

In 2021, the import price in Southern Asia amounted to $X per unit, which is down by -X% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bangladesh ($X per unit), while Bhutan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bhutan (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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