Vietnam: Laundry Machine Market 2025

Laundry Machine Market Size in Vietnam

The Vietnamese laundry machine market soared to $X in 2021, with an increase of 40% 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). In general, consumption enjoyed a prominent expansion. Laundry machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Laundry Machine Exports

Exports from Vietnam

In 2021, approx. X units of washing, bleaching or dyeing machines were exported from Vietnam; growing by 819% compared with the year before. In general, exports, however, showed a perceptible descent. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, laundry machine exports surged to $X in 2021. Over the period under review, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ethiopia (X units) was the main destination for laundry machine exports from Vietnam, with a 68% share of total exports. Moreover, laundry machine exports to Ethiopia exceeded the volume sent to the second major destination, Norway (X units), tenfold. South Korea (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Ethiopia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-15.1% per year) and South Korea (+3.3% per year).

In value terms, Pakistan ($X) emerged as the key foreign market for washing, bleaching or dyeing machines exports from Vietnam, comprising 55% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 16% share of total exports. It was followed by Bangladesh, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+13.3% per year) and Bangladesh (+17.8% per year).

Export Prices by Country

In 2021, the average laundry machine export price amounted to $X per unit, growing by 36% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 77%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per unit), while the average price for exports to Ethiopia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+67.6%), while the prices for the other major destinations experienced more modest paces of growth.

Laundry Machine Imports

Imports into Vietnam

In 2021, after three years of decline, there was growth in purchases abroad of washing, bleaching or dyeing machines, when their volume increased by 3.5% to X units. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 60%. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, laundry machine imports surged to $X in 2021. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 104% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest laundry machine supplier to Vietnam, with a 34% share of total imports. Moreover, laundry machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. South Korea (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.1% per year) and South Korea (+0.5% per year).

In value terms, the largest laundry machine suppliers to Vietnam were Indonesia ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 59% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +44.8%, 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, surging by 50% against the previous year. In general, the import price showed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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