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Thailand - Household Washing and Drying Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand's Export of Washing and Drying Machines Drops to $440M in 2023
Thailand Washing and Drying Machine Exports
In 2023, shipments abroad of household washing and drying machines decreased by -34.8% to 2.2M units, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 24% against the previous year. The exports peaked at 4.5M units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.
In value terms, washing and drying machine exports shrank notably to $440M (IndexBox estimates) in 2023. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 42%. As a result, the exports reached the peak of $1.1B. From 2018 to 2023, the growth of the exports failed to regain momentum.
COUNTRY | Export Value of Washing and Drying Machine in Thailand (million USD) | ||||||||||
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2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Vietnam | 68.4 | 74.5 | 94.5 | 113 | 138 | 152 | 105 | 94.0 | 89.2 | 97.0 | 92.6 |
Japan | 151 | 149 | 94.8 | 107 | 115 | 154 | 159 | 138 | 132 | 135 | 83.3 |
Australia | 144 | 102 | 126 | 107 | 100 | 79.3 | 72.1 | 78.8 | 62.3 | 70.8 | 60.6 |
United States | 15.5 | 17.7 | 3.4 | 121 | 329 | 142 | 73.2 | 90.5 | 153 | 72.5 | 30.8 |
South Korea | 2.6 | 5.8 | 9.5 | 17.8 | 74.2 | 111 | 69.0 | 72.5 | 79.4 | 65.7 | 21.9 |
Indonesia | 67.6 | 47.4 | 26.2 | 23.5 | 24.1 | 30.8 | 18.9 | 20.2 | 26.6 | 24.0 | 21.1 |
Malaysia | 49.2 | 45.4 | 42.4 | 33.9 | 35.0 | 38.3 | 25.6 | 28.7 | 15.9 | 20.4 | 12.5 |
Others | 272 | 296 | 292 | 233 | 260 | 259 | 199 | 201 | 202 | 177 | 117 |
Total | 770 | 738 | 689 | 755 | 1,076 | 966 | 722 | 724 | 761 | 662 | 440 |
Exports by Country
Vietnam (522K units), Japan (310K units) and Australia (295K units) were the main destinations of washing and drying machine exports from Thailand, with a combined 52% share of total exports. Indonesia, the United States, South Korea and Malaysia lagged somewhat behind, together comprising a further 21%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +20.0%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for washing and drying machine exported from Thailand were Vietnam ($93M), Japan ($83M) and Australia ($61M), together accounting for 54% of total exports. the United States, South Korea, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 20%.
In terms of the main countries of destination, South Korea, with a CAGR of +23.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) (1.4M units) was the largest type of household washing and drying machines exported from Thailand, accounting for a 64% share of total exports. Moreover, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exceeded the volume of the second product type, washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (496K units), threefold. Drying machines; of a dry linen capacity not exceeding 10kg (267K units) ranked third in terms of total exports with a 12% share.
From 2013 to 2023, the average annual growth rate of the volume of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exports totaled -1.9%. With regard to the other exported products, the following average annual rates of growth were recorded: washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-13.4% per year) and drying machines; of a dry linen capacity not exceeding 10kg (-2.5% per year).
In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($299M) remains the largest type of household washing and drying machines exported from Thailand, comprising 68% of total exports. The second position in the ranking was taken by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg ($99M), with a 22% share of total exports. It was followed by drying machines; of a dry linen capacity not exceeding 10kg, with a 9.4% share.
From 2013 to 2023, the average annual rate of growth in terms of the value of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exports totaled -2.5%. With regard to the other exported products, the following average annual rates of growth were recorded: washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-10.3% per year) and drying machines; of a dry linen capacity not exceeding 10kg (-5.0% per year).
Export Prices by Country
In 2023, the washing and drying machine price amounted to $203 per unit (FOB, Thailand), increasing by 1.9% against the previous year. Over the period under review, export price indicated a mild expansion from 2013 to 2023: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, washing and drying machine export price increased by +10.4% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 47%. The export price peaked at $295 per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($268 per unit), while the average price for exports to Indonesia ($134 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the market for washing and drying machine in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27511300 - Cloth washing and drying machines, of the household type
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023