Latin America and the Caribbean: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Latin America and the Caribbean

In 2022, the Latin American washing and drying machine market increased by X% to $X, rising for the sixth year in a row after four years of decline. Overall, consumption, however, continues to indicate a slight decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Household Washing and Drying Machines in Latin America and the Caribbean

In value terms, washing and drying machine production stood at $X in 2022 estimated in export price. In general, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Household Washing and Drying Machines

Exports in Latin America and the Caribbean

In 2022, overseas shipments of household washing and drying machines decreased by X% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, washing and drying machine exports declined notably to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico represented the largest exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Brazil (X units), creating a X% share of total exports. Chile (X units) and Panama (X units) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the household washing and drying machines exports, with a CAGR of X% from 2012 to 2022. Brazil experienced a relatively flat trend pattern. Chile (X%) and Panama (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Chile and Panama saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest washing and drying machine supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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 Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Imports of Household Washing and Drying Machines

Imports in Latin America and the Caribbean

Washing and drying machine imports reduced to X units in 2022, waning by X% on 2021 figures. Overall, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, washing and drying machine imports dropped to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of washing and drying machine imports in 2022 were Chile (X units), Mexico (X units) and Colombia (X units), together finishing at X% of total import. It was distantly followed by Paraguay (X units), Uruguay (X units) and the Dominican Republic (X units), together committing a X% share of total imports. Venezuela (X units), Cuba (X units), Ecuador (X units), Argentina (X units), Guyana (X units), Peru (X units) and Jamaica (X units) followed a long way behind the leaders.

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

In value terms, Chile ($X) constitutes the largest market for imported household washing and drying machines in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Chile stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Paraguay ($X per unit), while Mexico ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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