Dry-Cleaning Machine Market

The global dry-cleaning machine market is expected to continue its upward consumption trend over the next eight years, with a forecasted CAGR of +5.1% in volume and +6.3% in value from 2022 to 2030. In 2022, consumption of dry-cleaning machines saw a notable increase, reaching 42K units. Saudi Arabia emerged as the largest consumer and producer of dry-cleaning machines. Imports and exports of dry-cleaning machines also showed fluctuations in volume and value. Overall, the market is projected to reach 62K units and $457M by the end of 2030.

Market Forecast

Driven by increasing demand for dry-cleaning machines worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.1% for the period from 2022 to 2030, which is projected to bring the market volume to 62K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.3% for the period from 2022 to 2030, which is projected to bring the market value to $457M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Dry-Cleaning Machines

In 2022, consumption of dry-cleaning machines was finally on the rise to reach 42K units for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.3% against 2019 indices. As a result, consumption reached the peak volume of 52K units. From 2014 to 2022, the growth of the global consumption failed to regain momentum.

The global dry-cleaning machine market revenue rose rapidly to $279M in 2022, picking up by 6.7% 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). The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $311M. From 2014 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The country with the largest volume of dry-cleaning machine consumption was Saudi Arabia (17K units), comprising approx. 40% of total volume. Moreover, dry-cleaning machine consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, Thailand (5.6K units), threefold. Democratic Republic of the Congo (4.1K units) ranked third in terms of total consumption with a 9.9% share.

In Saudi Arabia, dry-cleaning machine consumption increased at an average annual rate of +25.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Thailand (+36.1% per year) and Democratic Republic of the Congo (+129.8% per year).

In value terms, Thailand ($103M) led the market, alone. The second position in the ranking was held by Saudi Arabia ($43M). It was followed by Germany.

In Thailand, the dry-cleaning machine market expanded at an average annual rate of +37.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Saudi Arabia (+23.2% per year) and Germany (+5.0% per year).

The countries with the highest levels of dry-cleaning machine per capita consumption in 2022 were Saudi Arabia (466 units per million persons), Kuwait (371 units per million persons) and Singapore (185 units per million persons).

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +122.5%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Dry-Cleaning Machines

In 2022, global production of dry-cleaning machines skyrocketed to 38K units, growing by 21% against the previous year. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 -13.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. As a result, production reached the peak volume of 44K units. From 2021 to 2022, global production growth remained at a lower figure.

In value terms, dry-cleaning machine production soared to $328M in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 61% against the previous year. As a result, production reached the peak level of $351M. From 2021 to 2022, global production growth remained at a lower figure.

Production By Country

Saudi Arabia (17K units) remains the largest dry-cleaning machine producing country worldwide, accounting for 44% of total volume. Moreover, dry-cleaning machine production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Thailand (5.5K units), threefold. The third position in this ranking was taken by China (4.4K units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume in Saudi Arabia amounted to +23.6%. In the other countries, the average annual rates were as follows: Thailand (+0.3% per year) and China (+0.0% per year).

Imports

World Imports of Dry-Cleaning Machines

In 2022, after two years of decline, there was significant growth in purchases abroad of dry-cleaning machines, when their volume increased by 41% to 12K units. Overall, imports, however, showed a noticeable decline. The growth pace was the most rapid in 2013 with an increase of 163%. As a result, imports attained the peak of 41K units. From 2014 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, dry-cleaning machine imports surged to $70M in 2022. In general, imports, however, recorded a abrupt decrease. Global imports peaked at $124M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

Democratic Republic of the Congo was the main importer of dry-cleaning machines in the world, with the volume of imports amounting to 4.1K units, which was near 33% of total imports in 2022. Kuwait (1.6K units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (5%). The United States (543 units), Singapore (461 units), Qatar (459 units), France (300 units), Pakistan (299 units) and French Polynesia (283 units) took a minor share of total imports.

Imports into Democratic Republic of the Congo increased at an average annual rate of +19.0% from 2012 to 2022. At the same time, French Polynesia (+64.1%), Kuwait (+8.8%), France (+7.2%), Pakistan (+7.0%) and Singapore (+1.2%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in the world, with a CAGR of +64.1% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. By contrast, the United States (-7.7%) and Qatar (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Democratic Republic of the Congo, Kuwait and French Polynesia increased by +33, +13 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($14M), Bangladesh ($8.3M) and France ($4.1M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 38% of global imports. Kuwait, Qatar, Pakistan, Singapore, Democratic Republic of the Congo and French Polynesia lagged somewhat behind, together accounting for a further 7.9%.

French Polynesia, with a CAGR of +55.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average dry-cleaning machine import price amounted to $5,649 per unit, with a decrease of -8.9% against the previous year. Overall, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2020 an increase of 224%. Global import price peaked at $7,913 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 the United States ($26,280 per unit), while Democratic Republic of the Congo ($104 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+16.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Dry-Cleaning Machines

After four years of decline, shipments abroad of dry-cleaning machines increased by 30% to 8.4K units in 2022. In general, exports, however, saw a abrupt descent. Over the period under review, the global exports attained the maximum at 15K units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, dry-cleaning machine exports surged to $58M in 2022. Over the period under review, exports, however, saw a deep downturn. The global exports peaked at $170M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

China represented the key exporting country with an export of around 3.3K units, which finished at 39% of total exports. India (1.7K units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Italy (17%). The United States (374 units), Singapore (210 units) and Germany (150 units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +3.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($31M) remains the largest dry-cleaning machine supplier worldwide, comprising 53% of global exports. The second position in the ranking was held by the United States ($5.4M), with a 9.4% share of global exports. It was followed by Germany, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy totaled -6.8%. In the other countries, the average annual rates were as follows: the United States (+7.4% per year) and Germany (-6.2% per year).

Export Prices By Country

In 2022, the average dry-cleaning machine export price amounted to $6,928 per unit, standing approx. at the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of 13%. The global export price peaked at $11,300 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($27,153 per unit), while India ($709 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform