ASEAN: Laundry Machine Market 2024

Laundry Machine Market Size in ASEAN

In 2022, the ASEAN laundry machine market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Laundry Machine Production in ASEAN

In value terms, laundry machine production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Laundry Machine Exports

Exports in ASEAN

Laundry machine exports reduced rapidly to X units in 2022, waning by X% compared with the year before. Over the period under review, exports recorded a pronounced setback. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, laundry machine exports fell to $X in 2022. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X units) was the largest exporter of washing, bleaching or dyeing machines, creating X% of total exports. It was distantly followed by the Philippines (X units), achieving a X% share of total exports. The following exporters - Malaysia (X units), Vietnam (X units) and Thailand (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to laundry machine exports from Singapore stood at X%. At the same time, the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Laundry Machine Imports

Imports in ASEAN

In 2022, supplies from abroad of washing, bleaching or dyeing machines increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, laundry machine imports stood at $X in 2022. Over the period under review, imports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X units), Singapore (X units) and Indonesia (X units) represented the key importer of washing, bleaching or dyeing machines in ASEAN, making up X% of total import. The Philippines (X units) held the next position in the ranking, followed by Malaysia (X units), Brunei Darussalam (X units) and Thailand (X units). All these countries together held approx. X% share of total imports.

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

In value terms, Vietnam ($X) constitutes the largest market for imported washing, bleaching or dyeing machines in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Vietnam, laundry machine imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, with a decrease of X% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, laundry machine import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Vietnam ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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