Price for Household or Laundry-Type Washing Machine in the United States - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in the United States (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in the United States (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in the United States
- Exports of Household or Laundry-Type Washing Machine in the United States
Price for Household or Laundry-Type Washing Machine in the United States (CIF) - 2022
In 2021, the average import price for household or laundry-type washing machines amounted to $380 per unit, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $531 per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($220 per unit), while the price for Mexico ($90 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-2.8%), while the prices for the other major suppliers experienced a decline.
Price for Household or Laundry-Type Washing Machine in the United States (FOB) - 2022
In 2021, the average export price for household or laundry-type washing machines amounted to $140 per unit, with a decrease of -8% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 809%. As a result, the export price reached the peak level of $4,855 per unit. From 2015 to 2021, the average export prices failed to regain momentum.
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 the Dominican Republic ($331 per unit), while the average price for exports to Panama ($177 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 the UK (+0.5%), while the prices for the other major destinations experienced a decline.
Imports of Household or Laundry-Type Washing Machine in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of household or laundry-type washing machines, which increased by 0.7% to 4.9M units in 2022. The total import volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, household or laundry-type washing machine imports reduced to $1.6B in 2022. The total import value increased at an average annual rate of +4.3% over the period 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 25% against the previous year. As a result, imports reached the peak of $1.9B, and then reduced in the following year.
Import of Household or Laundry-Type Washing Machine in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
South Korea | 189 | 198 | 491 | 61.2% | |
China | 291 | 326 | 440 | 23.0% | |
Thailand | 240 | 247 | 317 | 14.9% | |
Mexico | 293 | 295 | 295 | 0.3% | |
Vietnam | 236 | 244 | 128 | -26.4% | |
Germany | 58.4 | 55.6 | 51.7 | -5.9% | |
Sweden | 36.4 | 27.2 | 33.6 | -3.9% | |
Others | 92.6 | 86.9 | 97.2 | 2.5% | |
Total | 1,436 | 1,479 | 1,853 | 13.6% |
Top Suppliers of Household or Laundry-Type Washing Machine to the United States in 2022:
- Mexico (3.3M units)
- China (2.9M units)
- South Korea (2.7M units)
- Thailand (1.5M units)
- Vietnam (0.6M units)
- Germany (0.4M units)
- Sweden (0.2M units)
Exports of Household or Laundry-Type Washing Machine in the United States
In 2022, overseas shipments of household or laundry-type washing machines decreased by -10.3% to 2.5M units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 206%. Over the period under review, the exports attained the maximum at 2.8M units in 2021, and then shrank in the following year.
In value terms, household or laundry-type washing machine exports surged to $449M in 2022. Overall, exports, however, showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Household or Laundry-Type Washing Machine in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Canada | 213 | 205 | 201 | -2.9% | |
Mexico | 49.9 | 38.2 | 44.4 | -5.7% | |
Australia | 14.5 | 15.1 | 13.7 | -2.8% | |
Taiwan (Chinese) | 8.1 | 9.2 | 12.8 | 25.7% | |
Guatemala | 8.0 | 8.1 | 8.8 | 4.9% | |
United Kingdom | 6.8 | 7.7 | 8.0 | 8.5% | |
Dominican Republic | 6.1 | 5.3 | 7.8 | 13.1% | |
Saudi Arabia | 5.9 | 6.1 | 7.3 | 11.2% | |
Panama | 3.9 | 2.9 | 3.8 | -1.3% | |
Others | 131 | 80.4 | 81.7 | -21.0% | |
Total | 447 | 378 | 389 | -6.7% |
Top Export Markets for Household or Laundry-Type Washing Machine from the United States in 2022:
- Canada (668.3K units)
- Mexico (167.3K units)
- Australia (62.1K units)
- Taiwan (Chinese) (43.5K units)
- Guatemala (41.9K units)
- Saudi Arabia (40.2K units)
- United Kingdom (27.8K units)
- Dominican Republic (23.5K units)
- Panama (21.7K units)
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In value terms, washing and drying machine imports surged to $78M in March 2023.
In July 2022, the average washing and drying machine import price amounted to $278 per unit, shrinking by -5.1% against the previous month.
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