Global Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size

The global non-domestic dryer market dropped to $X in 2021, with a decrease of -3.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by 9.7% against the previous year. Over the period under review, the global market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Domestic Dryer Production

In value terms, non-domestic dryer production shrank slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9.2%. Over the period under review, global production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Non-Domestic Dryer Exports

Exports

Global non-domestic dryer exports skyrocketed to X units in 2021, jumping by 25% on 2020. Overall, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -0.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. The global exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-domestic dryer exports surged to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) represented the major exporter of non-domestic dryers, mixing up 43% of total exports. It was distantly followed by Germany (X units), Italy (X units) and South Korea (X units), together creating a 24% share of total exports. Turkey (X units), the Netherlands (X units), Spain (X units), Belgium (X units), Taiwan (Chinese) (X units), the UK (X units), the United States (X units), Japan (X units) and Denmark (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the non-domestic dryers exports, with a CAGR of +18.8% from 2012 to 2021. At the same time, South Korea (+10.4%), the UK (+7.4%), Turkey (+6.8%), the Netherlands (+5.1%) and Italy (+1.5%) displayed positive paces of growth. Spain and Denmark experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.0%), Germany (-2.8%), Belgium (-8.2%), Japan (-11.5%) and the United States (-13.1%) illustrated a downward trend over the same period. China (+30 p.p.) and South Korea (+2.6 p.p.) significantly strengthened its position in terms of the global exports, while Italy, Belgium, Japan, the United States and Germany saw its share reduced by -1.8%, -4.5%, -5.2%, -6.3% and -8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-domestic dryer supplying countries worldwide were China ($X), Germany ($X) and Italy ($X), together accounting for 47% of global exports. The United States, South Korea, the Netherlands, Japan, Denmark, Belgium, the UK, Taiwan (Chinese), Spain and Turkey lagged somewhat behind, together accounting for a further 38%.

In terms of the main exporting countries, South Korea, with a CAGR of +15.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-domestic dryer export price amounted to $X per unit, dropping by -5.4% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2020 when the average export price increased by 12%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Turkey ($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 (+12.9%), while the other global leaders experienced more modest paces of growth.

Non-Domestic Dryer Imports

Imports

In 2021, the amount of non-domestic dryers imported worldwide totaled X units, surging by 2.8% compared with 2020. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 8.5% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of global imports remained at a lower figure.

In value terms, non-domestic dryer imports expanded sharply to $X in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units), China (X units), Indonesia (X units), France (X units), Nigeria (X units), Brazil (X units), India (X units), Turkey (X units), Russia (X units), Vietnam (X units), Spain (X units) and Germany (X units) was the key importer of non-domestic dryers in the world, constituting 50% of total import. Belgium (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of +13.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and India ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 25% of global imports. These countries were followed by Germany, Vietnam, France, Indonesia, Belgium, Russia, Spain, Brazil, Nigeria and Turkey, which together accounted for a further 27%.

Spain, with a CAGR of +11.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-domestic dryer import price amounted to $X per unit, picking up by 8.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 12% against the previous year. Global import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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