Price for Household or Laundry-Type Washing Machine in China - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in China (FOB) - 2023
- Price for Household or Laundry-Type Washing Machine in China (CIF) - 2023
- Exports of Household or Laundry-Type Washing Machine in China
- Imports of Household or Laundry-Type Washing Machine in China
Price for Household or Laundry-Type Washing Machine in China (FOB) - 2023
In June 2023, the average export price for household or laundry-type washing machines amounted to $152 per unit, remaining constant against the previous month. In general, the export price, however, recorded a mild slump. The growth pace was the most rapid in April 2023 an increase of 3% month-to-month. Over the period under review, the average export prices reached the maximum at $181 per unit in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($263 per unit), while the average price for exports to the Philippines ($82.4 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in China (CIF) - 2023
In June 2023, the average import price for household or laundry-type washing machines amounted to $864 per unit, surging by 4.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 50% against the previous month. As a result, import price attained the peak level of $1,065 per unit. From May 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,894 per unit), while the price for Turkey ($368 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Household or Laundry-Type Washing Machine in China
In 2022, approx. 26M units of household or laundry-type washing machines were exported from China; with an increase of 27% compared with 2021 figures. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine exports dropped to $5B in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, the exports attained the peak of $5.2B, and then declined in the following year.
| Export of Household or Laundry-Type Washing Machine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | 792 | 823 | 963 | 10.3% | |
| United States | 279 | 364 | 413 | 21.7% | |
| United Kingdom | 156 | 140 | 217 | 17.9% | |
| France | 126 | 121 | 179 | 19.2% | |
| Thailand | 64.7 | 105 | 145 | 49.7% | |
| United Arab Emirates | 139 | 128 | 136 | -1.1% | |
| Russia | 108 | 128 | 136 | 12.2% | |
| Italy | 92.4 | 104 | 131 | 19.1% | |
| Mexico | 90.0 | 90.3 | 118 | 14.5% | |
| Saudi Arabia | 84.4 | 99.8 | 116 | 17.2% | |
| Indonesia | 82.8 | 84.5 | 112 | 16.3% | |
| India | 102 | 95.1 | 105 | 1.5% | |
| Malaysia | 61.4 | 74.4 | 101 | 28.3% | |
| Others | 1,803 | 1,871 | 2,357 | 14.3% | |
| Total | 3,981 | 4,230 | 5,230 | 14.6% | |
Top Export Markets for Household or Laundry-Type Washing Machine from China in 2022:
- Japan (4.5M units)
- United States (1.7M units)
- Indonesia (1.3M units)
- Mexico (1.1M units)
- Thailand (1.1M units)
- France (1.0M units)
- United Kingdom (1.0M units)
- Saudi Arabia (0.9M units)
- Malaysia (0.9M units)
- United Arab Emirates (0.8M units)
- Russia (0.8M units)
- Italy (0.7M units)
- India (0.7M units)
Imports of Household or Laundry-Type Washing Machine in China
Household or laundry-type washing machine imports into China declined dramatically to 105K units in 2022, with a decrease of -43.6% compared with 2021. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of 186K units, and then contracted significantly in the following year.
In value terms, household or laundry-type washing machine imports shrank dramatically to $100M in 2022. Over the period under review, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, imports reached the peak of $131M, and then reduced rapidly in the following year.
| Import of Household or Laundry-Type Washing Machine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 27.2 | 24.9 | 50.3 | 36.0% | |
| South Korea | 31.4 | 16.9 | 22.7 | -15.0% | |
| Italy | 10.3 | 9.4 | 14.2 | 17.4% | |
| Turkey | 5.3 | 4.0 | 7.8 | 21.3% | |
| Slovenia | 2.0 | 2.0 | 6.3 | 77.5% | |
| Vietnam | N/A | 0.2 | 3.2 | 1500.0% | |
| Thailand | 1.7 | 2.0 | 2.0 | 8.5% | |
| United Arab Emirates | 6.9 | 5.7 | N/A | -17.4% | |
| Others | 19.5 | 19.9 | 24.5 | 12.1% | |
| Total | 104 | 85.0 | 131 | 12.2% | |
Top Suppliers of Household or Laundry-Type Washing Machine to China in 2022:
- Germany (53.2K units)
- South Korea (49.4K units)
- Turkey (28.9K units)
- Italy (26.8K units)
- Slovenia (12.1K units)
- Vietnam (5.5K units)
- Thailand (4.7K units)
- United Arab Emirates (0.3K units)
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