China - Household Washing and Drying Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Washing and Drying Machine Exports Surge to $325M in June 2023
China Washing and Drying Machine Exports
Washing and drying machine exports from China rose to 2.6M units in June 2023, picking up by 2.3% on May 2023 figures. The total export volume increased at an average monthly rate of +3.5% over the period from June 2022 to June 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in March 2023 when exports increased by 43% m-o-m. As a result, the exports reached the peak of 2.7M units. From April 2023 to June 2023, the growth of the exports failed to regain momentum.
In value terms, washing and drying machine exports expanded modestly to $325M (IndexBox estimates) in June 2023. The total export value increased at an average monthly rate of +2.5% from June 2022 to June 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain months. The pace of growth was the most pronounced in March 2023 when exports increased by 35% month-to-month. As a result, the exports attained the peak of $347M. From April 2023 to June 2023, the growth of the exports remained at a lower figure.
| COUNTRY | Export Value of Washing and Drying Machine in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Japan | 45.7 | 61.2 | 56.1 | 50.0 | 53.0 | 53.0 | 50.3 | 56.2 | 56.1 | 55.4 | 49.3 | 42.7 | 42.1 |
| Russia | 9.5 | 12.6 | 23.7 | 32.7 | 35.9 | 23.4 | 20.7 | 23.4 | 12.7 | 23.7 | 28.1 | 29.4 | 26.4 |
| France | 9.4 | 12.1 | 10.8 | 12.5 | 12.1 | 13.4 | 9.7 | 11.7 | 9.0 | 15.6 | 14.2 | 14.0 | 19.6 |
| Germany | 8.2 | 13.9 | 9.9 | 8.6 | 8.8 | 8.0 | 9.1 | 7.7 | 5.9 | 10.3 | 8.2 | 10.1 | 13.3 |
| Australia | 20.9 | 16.6 | 14.0 | 16.2 | 11.7 | 6.9 | 4.8 | 12.3 | 11.9 | 17.7 | 12.9 | 13.8 | 12.0 |
| Indonesia | 6.1 | 7.6 | 5.5 | 6.5 | 5.6 | 7.1 | 6.2 | 7.8 | 7.0 | 8.4 | 4.5 | 6.2 | 6.5 |
| Philippines | 5.2 | 6.9 | 6.8 | 4.2 | 6.0 | 5.1 | 3.2 | 3.8 | 3.2 | 5.1 | 6.0 | 3.8 | 3.8 |
| Others | 137 | 166 | 167 | 174 | 171 | 174 | 153 | 186 | 152 | 211 | 194 | 200 | 201 |
| Total | 242 | 297 | 294 | 305 | 304 | 291 | 257 | 309 | 258 | 347 | 317 | 320 | 325 |
Exports by Country
Japan (275K units), Russia (175K units) and France (125K units) were the main destinations of washing and drying machine exports from China, together comprising 22% of total exports.
From June 2022 to June 2023, the biggest increases were in Russia (with a CAGR of +9.2%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Japan ($42M), Russia ($26M) and France ($20M) were the largest markets for washing and drying machine exported from China worldwide, with a combined 27% share of total exports.
Russia, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) (1.7M units) was the largest type of washing and drying machine exported from China, with a 66% share of total exports. Moreover, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exceeded the volume of the second product type, washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (473K units), fourfold. Washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (244K units) ranked third in terms of total exports with a 9.3% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of export of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) totaled +3.6%. With regard to the other exported products, the following average monthly rates of growth were recorded: washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (+3.8% per month) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (+8.8% per month).
In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($261M) remains the largest type of washing and drying machine exported from China, comprising 80% of total exports. The second position in the ranking was held by drying machines; of a dry linen capacity not exceeding 10kg ($33M), with a 10% share of total exports. It was followed by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg, with a 7.6% share.
From June 2022 to June 2023, the average monthly growth rate of the export volume of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) stood at +2.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: drying machines; of a dry linen capacity not exceeding 10kg (+1.7% per month) and washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (+3.1% per month).
Export Prices by Country
In June 2023, the washing and drying machine price stood at $124 per unit (FOB, China), remaining constant against the previous month. Over the period under review, the export price recorded a mild decrease. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 3.8% m-o-m. As a result, the export price attained the peak level of $145K per thousand units. From August 2022 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Germany ($180 per unit), while the average price for exports to Indonesia ($68.9 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.0%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the market for washing and drying machine in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27511300 - Cloth washing and drying machines, of the household type
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
