Price for Household or Laundry-Type Washing Machine in India - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in India (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in India (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in India
- Exports of Household or Laundry-Type Washing Machine in India
Price for Household or Laundry-Type Washing Machine in India (CIF) - 2022
In 2021, the average import price for household or laundry-type washing machines amounted to $282 per unit, shrinking by -12.2% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 8.5% against the previous year. Over the period under review, average import prices attained the peak figure at $424 per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($356 per unit), while the price for Vietnam ($152 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Household or Laundry-Type Washing Machine in India (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $500 per unit in 2021, growing by 14% against the previous year. Over the period under review, the export price recorded a modest increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 275% against the previous year. As a result, the export price reached the peak level of $2,075 per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($246 per unit), while the average price for exports to Colombia ($36 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 Indonesia (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Household or Laundry-Type Washing Machine in India
In 2022, household or laundry-type washing machine imports into India reduced to 740K units, with a decrease of -12.9% against 2021. In general, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. As a result, imports attained the peak of 850K units, and then declined in the following year.
In value terms, household or laundry-type washing machine imports dropped to $212M in 2022. Overall, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports attained the peak of $240M, and then declined in the following year.
| Import of Household or Laundry-Type Washing Machine in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 157 | 136 | 153 | -1.3% | |
| Vietnam | 21.6 | 23.6 | 30.9 | 19.6% | |
| Thailand | 19.0 | 21.2 | 21.9 | 7.4% | |
| Turkey | 12.6 | 3.5 | 11.0 | -6.6% | |
| South Korea | 12.0 | 8.5 | 9.2 | -12.4% | |
| Others | 14.7 | 9.1 | 13.9 | -2.8% | |
| Total | 237 | 202 | 240 | 0.6% | |
Top Suppliers of Household or Laundry-Type Washing Machine to India in 2022:
- China (714.3K units)
- Vietnam (202.8K units)
- Thailand (87.0K units)
- Turkey (61.2K units)
- South Korea (36.4K units)
Exports of Household or Laundry-Type Washing Machine in India
In 2022, approx. 182K units of household or laundry-type washing machines were exported from India; picking up by 27% on the previous year. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine exports reached $75M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 30%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Household or Laundry-Type Washing Machine in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 9.6 | 17.6 | 25.4 | 62.7% | |
| United Arab Emirates | 2.4 | 10.7 | 7.2 | 73.2% | |
| Mexico | 0.1 | 1.7 | 6.1 | 681.0% | |
| Nepal | 3.5 | 3.0 | 5.3 | 23.1% | |
| Bangladesh | 2.4 | 5.4 | 4.1 | 30.7% | |
| Indonesia | 1.7 | 2.1 | 2.5 | 21.3% | |
| Poland | 1.4 | 1.3 | 2.0 | 19.5% | |
| Philippines | 1.6 | 1.9 | 1.9 | 9.0% | |
| Yemen | 0.7 | 0.8 | 1.9 | 64.8% | |
| Sudan | 0.3 | 1.1 | 1.8 | 144.9% | |
| Nigeria | 2.2 | 1.6 | 1.7 | -12.1% | |
| Colombia | 0.4 | 0.6 | 1.1 | 65.8% | |
| Somalia | 0.9 | 0.4 | 1.0 | 5.4% | |
| Others | 17.3 | 9.8 | 10.1 | -23.6% | |
| Total | 44.5 | 58.1 | 72.0 | 27.2% | |
Top Export Markets for Household or Laundry-Type Washing Machine from India in 2022:
- United States (142.3K units)
- Mexico (52.7K units)
- Poland (35.3K units)
- United Arab Emirates (31.4K units)
- Colombia (30.4K units)
- Nepal (25.2K units)
- Bangladesh (20.7K units)
- Sudan (15.0K units)
- Yemen (14.3K units)
- Nigeria (11.6K units)
- Indonesia (10.2K units)
- Somalia (9.6K units)
- Philippines (9.4K units)
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