Centrifugal Clothes-Dryer Market

The article provides a detailed analysis of the global centrifugal clothes-dryer market, focusing on consumption trends, market volume, and value projections. It discusses the performance of the market from 2022 to 2030, with a forecasted increase in both volume and value. The article also highlights the largest consuming and producing countries, as well as the main importers and exporters of centrifugal clothes-dryers. It includes information on average import and export prices, as well as growth rates in various countries over the years.

Market Forecast

Driven by rising demand for centrifugal clothes-dryer worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market value to $528M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Centrifugal Clothes-Dryers

In 2022, the amount of centrifugal clothes-dryers consumed worldwide contracted to 1M units, with a decrease of -5.5% on 2021 figures. Overall, consumption saw a deep setback. Over the period under review, global consumption attained the maximum volume at 2M units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global centrifugal clothes-dryer market size contracted modestly to $446M in 2022, approximately mirroring 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 continues to indicate a abrupt shrinkage. Over the period under review, the global market hit record highs at $993M in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (149K units), Nigeria (96K units) and India (79K units), with a combined 32% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +60.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($212M) led the market, alone. The second position in the ranking was taken by Nigeria ($38M). It was followed by India.

From 2012 to 2022, the average annual growth rate of value in the United States stood at -5.9%. In the other countries, the average annual rates were as follows: Nigeria (+57.3% per year) and India (-7.7% per year).

The countries with the highest levels of centrifugal clothes-dryer per capita consumption in 2022 were Romania (2,385 units per million persons), Belgium (1,970 units per million persons) and the Netherlands (1,311 units per million persons).

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +56.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Centrifugal Clothes-Dryers

In 2022, the amount of centrifugal clothes-dryers produced worldwide reached 756K units, remaining relatively unchanged against the previous year. In general, production, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 7.9% against the previous year. Over the period under review, global production attained the maximum volume at 2.2M units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer production rose remarkably to $355M in 2022 estimated in export price. Overall, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 13%. Over the period under review, global production hit record highs at $1.4B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

China (311K units) remains the largest centrifugal clothes-dryer producing country worldwide, comprising approx. 41% of total volume. Moreover, centrifugal clothes-dryer production in China exceeded the figures recorded by the second-largest producer, India (80K units), fourfold. Brazil (57K units) ranked third in terms of total production with a 7.5% share.

In China, centrifugal clothes-dryer production contracted by an average annual rate of -7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-7.5% per year) and Brazil (-4.0% per year).

Imports

World Imports of Centrifugal Clothes-Dryers

After three years of growth, purchases abroad of centrifugal clothes-dryers decreased by -11.8% to 579K units in 2022. In general, imports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. Global imports peaked at 657K units in 2021, and then shrank in the following year.

In value terms, centrifugal clothes-dryer imports shrank sharply to $123M in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 89%. Over the period under review, global imports attained the peak figure at $174M in 2021, and then declined remarkably in the following year.

Imports By Country

In 2022, Nigeria (96K units), distantly followed by the UK (50K units), Romania (47K units), the Philippines (36K units), Spain (31K units), South Africa (27K units) and the Netherlands (26K units) represented the main importers of centrifugal clothes-dryers, together creating 54% of total imports. Italy (25K units), Belgium (23K units), Mexico (17K units), Chile (15K units), Bolivia (13K units) and Germany (13K units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nigeria (with a CAGR of +60.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Nigeria ($32M) constitutes the largest market for imported centrifugal clothes-dryers worldwide, comprising 26% of global imports. The second position in the ranking was taken by Belgium ($7.7M), with a 6.3% share of global imports. It was followed by Romania, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled +53.8%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+23.9% per year) and Romania (+32.1% per year).

Import Prices By Country

The average centrifugal clothes-dryer import price stood at $212 per unit in 2022, waning by -20.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $266 per unit in 2021, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($423 per unit), while Bolivia ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Centrifugal Clothes-Dryers

After two years of growth, shipments abroad of centrifugal clothes-dryers decreased by -3% to 312K units in 2022. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 62% against the previous year. The global exports peaked at 617K units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, centrifugal clothes-dryer exports surged to $58M in 2022. In general, exports recorded a deep downturn. The global exports peaked at $104M in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

China was the major exporter of centrifugal clothes-dryers in the world, with the volume of exports resulting at 164K units, which was approx. 52% of total exports in 2022. Brazil (48K units) took the second position in the ranking, distantly followed by Germany (17K units). All these countries together took approx. 21% share of total exports. South Africa (14K units), the UK (11K units), South Korea (6.7K units) and Spain (5.2K units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -3.9% from 2012 to 2022. At the same time, Spain (+9.6%), the UK (+7.3%), Brazil (+6.0%), South Africa (+3.6%) and Germany (+1.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.6% from 2012-2022. By contrast, South Korea (-1.7%) illustrated a downward trend over the same period. China (+13 p.p.), Brazil (+11 p.p.), Germany (+3.1 p.p.), South Africa (+2.8 p.p.) and the UK (+2.7 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($15M), Germany ($10M) and South Korea ($3.1M) appeared to be the countries with the highest levels of exports in 2022, together comprising 49% of global exports. Brazil, Spain, the UK and South Africa lagged somewhat behind, together comprising a further 11%.

Spain, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average centrifugal clothes-dryer export price stood at $186 per unit in 2022, rising by 21% against the previous year. Overall, the export price showed modest growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54%. The global export price peaked at $196 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($581 per unit), while Brazil ($48 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform