Price for Household or Laundry-Type Washing Machine in Vietnam - 2022
Contents:
- Price for Household or Laundry-Type Washing Machine in Vietnam (FOB) - 2022
- Price for Household or Laundry-Type Washing Machine in Vietnam (CIF) - 2022
- Exports of Household or Laundry-Type Washing Machine in Vietnam
- Imports of Household or Laundry-Type Washing Machine in Vietnam
Price for Household or Laundry-Type Washing Machine in Vietnam (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $1,300 per unit in 2022, shrinking by -87.6% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 187% against the previous year. Over the period under review, the average export prices reached the maximum at $10,497 per unit in 2021, and then contracted rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($9,272 per unit), while the average price for exports to Ecuador ($272 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Vietnam (CIF) - 2022
In 2022, the average import price for household or laundry-type washing machines amounted to $2,373 per unit, growing by 12% against the previous year. In general, the import price recorded significant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 105% against the previous year. The import price peaked at $3,010 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($5,468 per unit), while the price for Malaysia ($207 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Household or Laundry-Type Washing Machine in Vietnam
In 2022, overseas shipments of household or laundry-type washing machines were finally on the rise to reach 521K units after two years of decline. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine exports contracted to $677M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 8.7% against the previous year. As a result, the exports attained the peak of $742M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Household or Laundry-Type Washing Machine in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 172 | 217 | 209 | 153 | -3.8% |
| United States | 220 | 203 | 156 | 125 | -17.2% |
| Canada | 76.5 | 88.2 | 94.2 | 82.6 | 2.6% |
| Philippines | 15.4 | 13.5 | 24.8 | 23.9 | 15.8% |
| Indonesia | 18.7 | 16.7 | 16.4 | 15.9 | -5.3% |
| Peru | 11.6 | 8.3 | 13.3 | 7.2 | -14.7% |
| New Zealand | 2.7 | 3.6 | 4.2 | 6.8 | 36.1% |
| Ecuador | 1.9 | 2.1 | 2.7 | 5.7 | 44.2% |
| India | 20.8 | 24.3 | 28.4 | 5.6 | -35.4% |
| Brazil | 2.6 | 2.1 | 2.7 | 4.8 | 22.7% |
| Iraq | 0.1 | 4.2 | 4.7 | 4.5 | 255.7% |
| Others | 141 | 159 | 182 | 242 | 19.7% |
| Total | 682 | 742 | 739 | 677 | -0.2% |
Top Export Markets for Household or Laundry-Type Washing Machine from Vietnam in 2022:
- Canada (303.4K units)
- United States (28.7K units)
- Peru (26.6K units)
- New Zealand (25.2K units)
- Ecuador (20.8K units)
- Brazil (17.6K units)
- Iraq (16.4K units)
- Philippines (4.5K units)
- South Korea (3.0K units)
- Indonesia (2.7K units)
- India (0.9K units)
Imports of Household or Laundry-Type Washing Machine in Vietnam
Household or laundry-type washing machine imports into Vietnam reduced to 95K units in 2022, waning by -4.3% on the previous year. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports reached the peak of 99K units, and then fell in the following year.
In value terms, household or laundry-type washing machine imports expanded sharply to $226M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Household or Laundry-Type Washing Machine in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 133 | 99.0 | 92.9 | 105 | -7.6% |
| China | 49.8 | 68.3 | 88.6 | 99.0 | 25.7% |
| South Korea | 18.8 | 16.1 | 14.0 | 12.0 | -13.9% |
| Indonesia | 1.5 | 5.9 | 4.0 | 2.7 | 21.6% |
| Malaysia | 1.5 | 1.2 | 0.8 | 0.5 | -30.7% |
| Others | 8.0 | 9.8 | 10.0 | 6.2 | -8.1% |
| Total | 213 | 200 | 210 | 226 | 2.0% |
Top Suppliers of Household or Laundry-Type Washing Machine to Vietnam in 2022:
- Thailand (46.4K units)
- China (40.0K units)
- Malaysia (2.6K units)
- South Korea (2.2K units)
- Indonesia (1.3K units)
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