Asia-Pacific: Laundry Machine Market 2024

Laundry Machine Market Size in Asia-Pacific

The Asia-Pacific laundry machine market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Laundry Machine Production in Asia-Pacific

In value terms, laundry machine production rose to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Laundry Machine Exports

Exports in Asia-Pacific

In 2022, shipments abroad of washing, bleaching or dyeing machines increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports saw a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, laundry machine exports rose markedly to $X in 2022. Overall, exports saw a slight increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporter of washing, bleaching or dyeing machines in Asia-Pacific, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. India (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%).

China was also the fastest-growing in terms of the washing, bleaching or dyeing machines exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest laundry machine supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, laundry machine exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while India ($X per unit) was amongst the lowest.

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

Laundry Machine Imports

Imports in Asia-Pacific

In 2022, overseas purchases 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 saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, laundry machine imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Bangladesh was the major importing country with an import of around X units, which resulted at X% of total imports. Vietnam (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%), India (X%) and Indonesia (X%). The Philippines (X units), Malaysia (X units), South Korea (X units), Brunei Darussalam (X units), Thailand (X units), China (X units), Australia (X units) and Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to laundry machine imports into Bangladesh stood at X%. At the same time, Brunei Darussalam (X%), Sri Lanka (X%), Vietnam (X%), Singapore (X%), Malaysia (X%), India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (X%), China (X%), Australia (X%) and the Philippines (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.), Vietnam (X p.p.), Singapore (X p.p.), Brunei Darussalam (X p.p.), India (X p.p.), Sri Lanka (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while China, Indonesia, Australia and the Philippines saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Bangladesh totaled X%. In the other countries, the average annual rates were as follows: India (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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