Report Update Nov 1, 2024

Sri Lanka - Washing, Bleaching or Dyeing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Laundry Machine Market 2024

Laundry Machine Market Size in Sri Lanka

The Sri Lankan laundry machine market soared to $X in 2021, rising by 63% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Laundry Machine Exports

Exports from Sri Lanka

In 2021, exports of washing, bleaching or dyeing machines from Sri Lanka declined sharply to X units, falling by -19.4% compared with 2020. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 3,639% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, laundry machine exports declined remarkably to $X in 2021. In general, exports faced a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 3,525%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for laundry machine exports from Sri Lanka, accounting for a 91% share of total exports. Moreover, laundry machine exports to Spain exceeded the volume sent to the second major destination, Bangladesh (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +17.4%.

In value terms, Spain ($X) remains the key foreign market for washing, bleaching or dyeing machines exports from Sri Lanka, comprising 92% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +57.2%.

Export Prices by Country

The average laundry machine export price stood at $X per unit in 2021, which is down by -10.5% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 501% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Bangladesh totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+34.0%), while the prices for the other major destinations experienced mixed trend patterns.

Laundry Machine Imports

Imports into Sri Lanka

In 2021, the amount of washing, bleaching or dyeing machines imported into Sri Lanka soared to X units, growing by 41% compared with 2020. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 200%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, laundry machine imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 91%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), France (X units) and Hong Kong SAR (X units) were the main suppliers of laundry machine imports to Sri Lanka, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +35.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Germany ($X) were the largest laundry machine suppliers to Sri Lanka, together accounting for 56% of total imports. These countries were followed by Hong Kong SAR, India, Vietnam, France, Poland and the United States, which together accounted for a further 24%.

In terms of the main suppliers, Poland, with a CAGR of +36.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average laundry machine import price stood at $X per unit in 2021, with an increase of 21% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laundry machine import price increased by +51.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 81%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for washing, bleaching or dyeing machines in the world?

The countries with the highest volumes of laundry machine consumption in 2020 were Taiwan Chinese), Italy and Indonesia, together accounting for 34% of global consumption. Vietnam, Uzbekistan, Iran, Japan, Switzerland, Greece, South Korea, Germany, Bangladesh and Turkey lagged somewhat behind, together accounting for a further 38%.

What are the largest producers of washing, bleaching or dyeing machines in the world?

The countries with the highest volumes of laundry machine production in 2020 were Taiwan Chinese), China and Italy, with a combined 57% share of global production. These countries were followed by Turkey, Germany, South Korea and Greece, which together accounted for a further 32%.

What are the leading suppliers of washing, bleaching or dyeing machines to Sri Lanka?

In value terms, Italy and China constituted the largest laundry machine suppliers to Sri Lanka.

What are the leading importers of washing, bleaching or dyeing machines from Sri Lanka?

In value terms, India remains the key foreign market for laundry machine exports from Sri Lanka.

What is the average export price for washing, bleaching or dyeing machines in Sri Lanka?

The average laundry machine export price stood at $114 per unit in 2020, shrinking by -43.6% against the previous year.

What is the average import price for washing, bleaching or dyeing machines in Sri Lanka?

The average laundry machine import price stood at $1,442 per unit in 2020, dropping by -11.7% against the previous year.

This report provides an in-depth analysis of the laundry machine market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28942150 - Washing, bleaching or dyeing machines (including wringers and mangles, shaker-tumblers, excluding household or laundry-type washing machines)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023