Southern Asia: Laundry Machine Market 2024

Laundry Machine Market Size in Southern Asia

In 2021, the South Asian laundry machine market decreased by -2.7% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, continues to indicate a slight reduction. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Laundry Machine Production in Southern Asia

In value terms, laundry machine production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Laundry Machine Exports

Exports in Southern Asia

In 2021, approx. X units of washing, bleaching or dyeing machines were exported in Southern Asia; with an increase of 70% on 2020 figures. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 929% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, laundry machine exports skyrocketed to $X in 2021. In general, exports continue to indicate a moderate increase. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, finishing at X units, which was approx. 96% of total exports in 2021. Pakistan (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the washing, bleaching or dyeing machines exports, with a CAGR of +27.0% from 2012 to 2021. Pakistan (-21.9%) illustrated a downward trend over the same period. India (+69 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -60.7% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest laundry machine supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was held by Pakistan ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India totaled +3.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, growing by 26% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 738%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+7.6%).

Laundry Machine Imports

Imports in Southern Asia

In 2021, overseas purchases of washing, bleaching or dyeing machines increased by 36% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 113% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, laundry machine imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bangladesh dominates imports structure, amounting to X units, which was near 92% of total imports in 2021. India (X units) and Pakistan (X units) held a little share of total imports.

Bangladesh was also the fastest-growing in terms of the washing, bleaching or dyeing machines imports, with a CAGR of +18.8% from 2012 to 2021. At the same time, India (+13.0%) and Pakistan (+7.7%) displayed positive paces of growth. From 2012 to 2021, the share of Bangladesh increased by +19 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported washing, bleaching or dyeing machines in Southern Asia, comprising 66% of total imports. The second position in the ranking was held by Pakistan ($X), with a 16% share of total imports.

In Bangladesh, laundry machine imports expanded at an average annual rate of +11.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+15.4% per year) and India (-3.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, growing by 32% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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, the country with the highest price was Pakistan ($X per unit), while Bangladesh ($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 (+7.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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