U.S.: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in the U.S.

In 2021, after three years of decline, there was significant growth in the U.S. washing and drying machine market, when its value increased by 37% to $X. In general, consumption, however, saw a perceptible slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Household Washing and Drying Machines in the U.S.

In value terms, washing and drying machine production stood at $X in 2021. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Household Washing and Drying Machines

Exports from the U.S.

In 2021, shipments abroad of household washing and drying machines decreased by -25.3% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports saw a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of 3%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, washing and drying machine exports skyrocketed to $X in 2021. In general, exports showed a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for washing and drying machine exports from the United States, accounting for a 31% share of total exports. Moreover, washing and drying machine exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. Australia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to -22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-28.9% per year) and Australia (-19.4% per year).

In value terms, Canada ($X) remains the key foreign market for household washing and drying machines exports from the United States, comprising 45% of total exports. The second position in the ranking was taken by Australia ($X), with a 10% share of total exports. It was followed by the UK, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-5.2% per year) and the UK (+3.0% per year).

Export Prices by Country

In 2021, the average washing and drying machine export price amounted to $X per ton, jumping by 63% against the previous year. Overall, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 187% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Household Washing and Drying Machines

Imports into the U.S.

In 2021, washing and drying machine imports into the United States dropped sharply to X tons, falling by -36.6% on the year before. Over the period under review, imports recorded a noticeable descent. The growth pace was the most rapid in 2016 with an increase of 31%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, washing and drying machine imports reached $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.2% against 2013 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Mexico (X tons) and Germany (X tons) were the main suppliers of washing and drying machine imports to the United States, together accounting for 88% of total imports. These countries were followed by Poland, South Korea, Italy and Canada, which together accounted for a further 8.5%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of household washing and drying machines to the United States, comprising 61% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Poland, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Mexico totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.6% per year) and Poland (+16.6% per year).

Import Prices by Country

The average washing and drying machine import price stood at $X per ton in 2021, surging by 62% against the previous year. Overall, the import price posted a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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