Price for Household or Laundry-Type Washing Machine in Canada - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Canada (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Canada (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Canada
- Exports of Household or Laundry-Type Washing Machine in Canada
Price for Household or Laundry-Type Washing Machine in Canada (CIF) - 2022
The average import price for household or laundry-type washing machines stood at $394 per unit in 2022, surging by 6% against the previous year. Over the period under review, the import price, however, showed a slight downturn. Over the period under review, average import prices attained the maximum at $456 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($475 per unit), while the price for Germany ($262 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Household or Laundry-Type Washing Machine in Canada (FOB) - 2022
In 2022, the average export price for household or laundry-type washing machines amounted to $664 per unit, declining by -4.1% against the previous year. Over the period under review, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $734 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.2% per year.
Imports of Household or Laundry-Type Washing Machine in Canada
In 2022, after three years of growth, there was significant decline in overseas purchases of household or laundry-type washing machines, when their volume decreased by -5.8% to 1.3M units. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of 1.3M units, and then declined in the following year.
In value terms, household or laundry-type washing machine imports shrank to $496M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $497M, leveling off in the following year.
| Import of Household or Laundry-Type Washing Machine in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 150 | 154 | 156 | 172 | 4.7% |
| Mexico | 64.4 | 63.3 | 86.0 | 94.9 | 13.8% |
| Vietnam | 72.9 | 84.6 | 88.7 | 77.4 | 2.0% |
| South Korea | 17.3 | 14.7 | 63.7 | 59.4 | 50.9% |
| China | 37.1 | 30.4 | 33.1 | 37.2 | 0.1% |
| Thailand | 38.1 | 39.9 | 42.3 | 26.4 | -11.5% |
| Turkey | 6.0 | 7.1 | 7.4 | 6.7 | 3.7% |
| Germany | 6.1 | 7.1 | 7.3 | 6.7 | 3.2% |
| Others | 13.5 | 11.5 | 12.8 | 15.3 | 4.3% |
| Total | 405 | 412 | 497 | 496 | 7.0% |
Top Suppliers of Household or Laundry-Type Washing Machine to Canada in 2022:
- United States (395.0K units)
- Mexico (310.0K units)
- Vietnam (163.1K units)
- South Korea (125.7K units)
- China (117.1K units)
- Thailand (55.8K units)
- Germany (25.4K units)
- Turkey (25.2K units)
Exports of Household or Laundry-Type Washing Machine in Canada
In 2022, household or laundry-type washing machine exports from Canada skyrocketed to 8.7K units, increasing by 43% on 2021 figures. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine exports skyrocketed to $5.8M in 2022. In general, exports recorded significant growth. 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 3.0 | 4.0 | 5.5 | 30.1% |
| China | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Others | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Total | 3.0 | 3.3 | 4.2 | 5.8 | 24.6% |
Top Export Markets for Household or Laundry-Type Washing Machine from Canada in 2022:
- United States (8.2K units)
- China (0.1K units)
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