Price for Household or Laundry-Type Washing Machine in Italy - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Italy (FOB) - 2023
- Price for Household or Laundry-Type Washing Machine in Italy (CIF) - 2023
- Exports of Household or Laundry-Type Washing Machine in Italy
- Imports of Household or Laundry-Type Washing Machine in Italy
Price for Household or Laundry-Type Washing Machine in Italy (FOB) - 2023
In May 2023, the average export price for household or laundry-type washing machines amounted to $358 per unit, picking up by 2.1% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in January 2023 an increase of 11% m-o-m. The export price peaked in May 2023.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was France ($533 per unit), while the average price for exports to South Korea ($145 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Italy (CIF) - 2023
In May 2023, the average import price for household or laundry-type washing machines amounted to $286 per unit, approximately equating the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in November 2022 an increase of 20% month-to-month. The import price peaked at $287 per unit in February 2023; however, from March 2023 to May 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($695 per unit), while the price for the Netherlands ($191 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Household or Laundry-Type Washing Machine in Italy
In 2022, shipments abroad of household or laundry-type washing machines decreased by -39.8% to 1.7M units for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 6.3%. As a result, the exports reached the peak of 2.9M units, and then reduced rapidly in the following year.
In value terms, household or laundry-type washing machine exports declined to $678M in 2022. Over the period under review, exports showed a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.1% against the previous year. As a result, the exports reached the peak of $769M, and then reduced in the following year.
| Export of Household or Laundry-Type Washing Machine in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Kingdom | 120 | 119 | 149 | 11.4% | |
| Germany | 61.6 | 63.3 | 61.8 | 0.2% | |
| Poland | 44.0 | 50.6 | 57.4 | 14.2% | |
| France | 65.0 | 56.8 | 47.7 | -14.3% | |
| Spain | 30.7 | 31.4 | 35.6 | 7.7% | |
| Sweden | 28.3 | 26.0 | 33.8 | 9.3% | |
| Russia | 31.5 | 28.3 | 32.1 | 0.9% | |
| Netherlands | 33.4 | 30.3 | 30.7 | -4.1% | |
| Egypt | 15.7 | 18.4 | 24.9 | 25.9% | |
| Turkey | 15.3 | 18.8 | 21.8 | 19.4% | |
| South Korea | 9.1 | 10.7 | 21.0 | 51.9% | |
| United States | 22.9 | 30.7 | 17.4 | -12.8% | |
| China | 15.0 | 13.2 | 14.9 | -0.3% | |
| Others | 219 | 207 | 221 | 0.5% | |
| Total | 712 | 705 | 769 | 3.9% | |
Top Export Markets for Household or Laundry-Type Washing Machine from Italy in 2022:
- United Kingdom (753.5K units)
- Poland (348.7K units)
- Germany (275.9K units)
- South Korea (214.4K units)
- Russia (202.6K units)
- France (182.6K units)
- Spain (173.1K units)
- Turkey (161.9K units)
- Netherlands (155.0K units)
- Sweden (148.6K units)
- China (118.9K units)
- United States (111.6K units)
- Egypt (102.0K units)
Imports of Household or Laundry-Type Washing Machine in Italy
In 2022, after three years of growth, there was decline in purchases abroad of household or laundry-type washing machines, when their volume decreased by -4.5% to 2.1M units. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 4.7%. Imports peaked at 2.2M units in 2021, and then reduced slightly in the following year.
In value terms, household or laundry-type washing machine imports shrank slightly to $524M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $530M, and then fell in the following year.
| Import of Household or Laundry-Type Washing Machine in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 99.3 | 114 | 143 | 20.0% | |
| Poland | 116 | 112 | 140 | 9.9% | |
| Turkey | 88.4 | 78.8 | 83.3 | -2.9% | |
| Germany | 40.2 | 38.7 | 43.7 | 4.3% | |
| Slovakia | 36.1 | 34.6 | 41.1 | 6.7% | |
| Russia | 18.9 | 17.9 | 20.5 | 4.1% | |
| Romania | 1.6 | 14.3 | 17.3 | 228.8% | |
| Ukraine | 5.2 | 7.7 | 9.1 | 32.3% | |
| Others | 49.7 | 51.4 | 32.1 | -19.6% | |
| Total | 456 | 469 | 530 | 7.8% | |
Top Suppliers of Household or Laundry-Type Washing Machine to Italy in 2022:
- China (848.8K units)
- Poland (832.8K units)
- Turkey (651.0K units)
- Slovakia (253.8K units)
- Romania (143.6K units)
- Russia (141.6K units)
- Germany (114.9K units)
- Ukraine (64.6K units)
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