Price for Household or Laundry-Type Washing Machine in Singapore - 2022
Contents:
- Price for Household or Laundry-Type Washing Machine in Singapore (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Singapore (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Singapore
- Exports of Household or Laundry-Type Washing Machine in Singapore
Price for Household or Laundry-Type Washing Machine in Singapore (CIF) - 2022
The average import price for household or laundry-type washing machines stood at $305 per unit in 2021, increasing by 9.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $318 per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($491 per unit), while the price for Turkey ($185 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Household or Laundry-Type Washing Machine in Singapore (FOB) - 2022
In 2021, the average export price for household or laundry-type washing machines amounted to $514 per unit, growing by 23% against the previous year. Over the period under review, the export price enjoyed a mild increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 196%. As a result, the export price attained the peak level of $1,455 per unit. From 2015 to 2021, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($594 per unit), while the average price for exports to Afghanistan ($120 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in Singapore
In 2022, approx. 212K units of household or laundry-type washing machines were imported into Singapore; falling by -9.4% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of 235K units, and then contracted in the following year.
In value terms, household or laundry-type washing machine imports skyrocketed to $98M in 2022. In general, imports, however, showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Household or Laundry-Type Washing Machine in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 20.1 | 19.1 | 29.3 | 20.7% | |
| Thailand | 10.6 | 9.5 | 11.6 | 4.6% | |
| Vietnam | 4.3 | 4.2 | 6.6 | 23.9% | |
| Malaysia | 0.2 | 0.7 | 5.6 | 429.2% | |
| Sweden | 4.8 | 3.0 | 4.0 | -8.7% | |
| Japan | 1.7 | 2.3 | 3.9 | 51.5% | |
| Turkey | 2.2 | 1.9 | 2.8 | 12.8% | |
| Germany | 1.4 | 1.2 | 2.2 | 25.4% | |
| South Korea | 1.4 | 1.8 | 2.1 | 22.5% | |
| United States | 2.5 | 1.1 | 0.7 | -47.1% | |
| Others | 7.6 | 8.3 | 2.8 | -39.3% | |
| Total | 56.7 | 53.0 | 71.6 | 12.4% | |
Top Suppliers of Household or Laundry-Type Washing Machine to Singapore in 2022:
- China (146.8K units)
- Thailand (57.2K units)
- Vietnam (32.5K units)
- Turkey (15.2K units)
- Sweden (13.4K units)
- Malaysia (11.4K units)
- Germany (11.1K units)
- Japan (10.2K units)
- South Korea (7.6K units)
- United States (2.3K units)
Exports of Household or Laundry-Type Washing Machine in Singapore
In 2022, shipments abroad of household or laundry-type washing machines was finally on the rise to reach 31K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced descent. Over the period under review, the exports reached the peak figure at 35K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, household or laundry-type washing machine exports skyrocketed to $21M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Household or Laundry-Type Washing Machine in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 4.1 | 77.7 | 4,764 | 3308.7% | |
| Cambodia | 1,808 | 1,808 | 1,961 | 4.1% | |
| New Zealand | 2.0 | 90.6 | 976 | 2109.1% | |
| Australia | 25.8 | 117 | 961 | 510.3% | |
| Malaysia | 34.9 | 24.8 | 911 | 410.9% | |
| Thailand | 58.7 | 50.4 | 903 | 292.2% | |
| Indonesia | 378 | 41.9 | 690 | 35.1% | |
| Hong Kong SAR | 257 | 442 | 302 | 8.4% | |
| Myanmar | 0.5 | 3.3 | 294 | 2324.9% | |
| Maldives | 1,342 | N/A | 235 | -58.2% | |
| United Arab Emirates | 78.8 | 15.6 | 199 | 58.9% | |
| Fiji | 406 | 135 | 171 | -35.1% | |
| Afghanistan | N/A | N/A | 140 | 0% | |
| Others | 9,486 | 11,222 | 2,399 | -49.7% | |
| Total | 13,883 | 14,028 | 14,906 | 3.6% | |
Top Export Markets for Household or Laundry-Type Washing Machine from Singapore in 2022:
- Cambodia (13.8K units)
- United States (10.3K units)
- Australia (2.4K units)
- Thailand (2.1K units)
- Malaysia (1.6K units)
- New Zealand (1.6K units)
- Indonesia (1.4K units)
- Myanmar (1.3K units)
- Hong Kong SAR (1.3K units)
- Afghanistan (1.2K units)
- Maldives (1.0K units)
- Fiji (0.9K units)
- United Arab Emirates (0.8K units)
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