Overview of the Global Market for Vacuum Cleaners With Motor

Market Size for Vacuum Cleaners With Motor

In 2021, the global vacuum cleaner with motor market decreased by -4.4% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the global market remained at a lower figure.

Production of Vacuum Cleaners With Motor

In value terms, vacuum cleaner with motor production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 13% against the previous year. Over the period under review, global production hit record highs at $X in 2020, and then fell modestly in the following year.

Exports of Vacuum Cleaners With Motor

Exports

In 2021, shipments abroad of vacuum cleaners with motor increased by 8.9% to X tons, rising for the sixth year in a row after two years of decline. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.5% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 18%. The global exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, vacuum cleaner with motor exports rose remarkably to $X in 2021. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 27%. Over the period under review, the global exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 58% of total exports in 2021. Germany (X tons) ranks second in terms of the total exports with a 7.3% share, followed by Malaysia (6.7%) and Vietnam (5%). The following exporters - the Netherlands (X tons), Romania (X tons), Hong Kong SAR (X tons) and Belgium (X tons) - together made up 11% of total exports.

Exports from China increased at an average annual rate of +5.7% from 2012 to 2021. At the same time, Romania (+18.1%), the Netherlands (+14.9%), Vietnam (+13.5%), Hong Kong SAR (+6.7%), Belgium (+5.7%), Malaysia (+4.8%) and Germany (+4.7%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.1% from 2012-2021. While the share of Vietnam (+2.5 p.p.), China (+2.4 p.p.), the Netherlands (+2.2 p.p.) and Romania (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vacuum cleaner with motor supplier worldwide, comprising 47% of global exports. The second position in the ranking was taken by Germany ($X), with an 11% share of global exports. It was followed by Malaysia, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +11.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+8.4% per year) and Malaysia (+8.9% per year).

Export Prices by Country

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, with an increase of 5.2% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.1%), while the other global leaders experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports

In 2021, the amount of vacuum cleaners with motor imported worldwide soared to X tons, jumping by 26% compared with 2020 figures. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% 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 +73.3% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importer of vacuum cleaners with motor in the world, with the volume of imports accounting for X tons, which was near 29% of total imports in 2021. Germany (X tons) held an 8.5% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (6.1%), Russia (5%) and France (4.8%). The following importers - the UK (X tons), Japan (X tons), South Korea (X tons), Belgium (X tons), Turkey (X tons), Australia (X tons), Poland (X tons) and Spain (X tons) - together made up 20% of total imports.

From 2012 to 2021, average annual rates of growth with regard to vacuum cleaner with motor imports into the United States stood at +10.4%. At the same time, South Korea (+24.3%), the Netherlands (+20.5%), Poland (+11.2%), Turkey (+10.8%), Spain (+9.0%), Belgium (+6.0%), Germany (+5.5%), France (+4.8%), Australia (+2.4%), Russia (+2.2%) and Japan (+1.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +24.3% from 2012-2021. The UK experienced a relatively flat trend pattern. While the share of the United States (+7.6 p.p.), the Netherlands (+4.1 p.p.) and South Korea (+2.1 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Japan (-1.7 p.p.), Russia (-2.4 p.p.) and the UK (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vacuum cleaner with motor importing markets worldwide were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined 35% share of global imports. These countries were followed by Japan, France, Russia, the UK, South Korea, Poland, Turkey, Australia, Belgium and Spain, which together accounted for a further 33%.

South Korea, with a CAGR of +30.1%, saw the highest rates of growth with regard to the value of imports, among 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 vacuum cleaner with motor import price amounted to $X per ton, shrinking by -3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14%. Global import price peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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