Saudi Arabia: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Saudi Arabia

The Saudi washing and drying machine market reached $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Household Washing and Drying Machines

Exports from Saudi Arabia

In 2022, the amount of household washing and drying machines exported from Saudi Arabia declined significantly to X units, which is down by X% on 2021. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, washing and drying machine exports reduced notably to $X in 2022. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ethiopia (X units) was the main destination for washing and drying machine exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, washing and drying machine exports to Ethiopia exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), fourfold. The third position in this ranking was taken by Egypt (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Ethiopia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Egypt (X% per year).

In value terms, the largest markets for washing and drying machine exported from Saudi Arabia were Ethiopia ($X), Egypt ($X) and Thailand ($X), with a combined X% share of total exports. Kenya, Cote d'Ivoire and Senegal lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average washing and drying machine export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Cote d'Ivoire ($X 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 Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Household Washing and Drying Machines

Imports into Saudi Arabia

In 2022, approx. X units of household washing and drying machines were imported into Saudi Arabia; rising by X% compared with the year before. Over the period under review, imports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, washing and drying machine imports rose rapidly to $X in 2022. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of washing and drying machine to Saudi Arabia, accounting for a X% share of total imports. Moreover, washing and drying machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of household washing and drying machines to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average washing and drying machine import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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