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China's washing machine exports are expected to grow


In 2020, the global outbreak of the new crown pneumonia caused a heavy blow to China’s washing machine exports. The market sank and then floated. Most of the months from January to July fell year-on-year. The export volume from August to October soared year-on-year. About, an increase of 2.0% year-on-year. Among them, the export volume of products below 10kg may decline year-on-year, and the export volume of products above 10kg, especially drum machines, will achieve positive growth year-on-year.


2018-2020 export volume of washing machines
The new crown epidemic has severely affected the production and sales of washing machines. From January to October 2020, China's export volume of washing machines declined year-on-year for six months. Among them, the epidemic situation in February and May fell by more than 30% year-on-year. February was the outbreak period in China. Countries have doubts about China; in May, countries around the world The epidemic is serious and has a greater impact on China's washing machine exports. From August to October, the epidemic situation in Europe and the United States did not ease, but became more and more serious. Therefore, washing machines were imported from China to ease the urgent need.
From the perspective of enterprises, from January to October, the export of Chinese washing machine manufacturers mainly declined year-on-year, and growth was rare. Among them, the export volume of Midea, Whirlpool, Hitachi and Hisense increased year-on-year, and the export volume of the first three increased slightly year-on-year. Only Hisense's export volume increased by more than 30% year-on-year. The growth of the United States mainly comes from Oceania, Central and South America, Europe and Asia; the growth of Whirlpool comes from Oceania, Europe and Asia; the growth of Hitachi comes from Asia and Japan; Hisense has increased year-on-year in many regions around the world.
From the perspective of each continent, the export volume of North America and Oceania increased rapidly year-on-year, and Europe and Central and South America increased year-on-year. However, on the one hand, Africa fell sharply, and on the other hand, the main region, Asia, was not satisfactory.
From the perspective of exporting countries, Japan, the United States, Saudi Arabia, Indonesia, Mexico and Thailand ranked the top six countries in China's washing machine exports from January to October. These countries have increased their exports year-on-year, of which the United States and Thailand have net exports. Significantly. The year-on-year decline in other countries is slightly more than the increase.
Throughout the year, overseas markets were unable to gather due to the development of the epidemic, allowing China's washing machine exports to find an opportunity for development in the second half of the year. Today, the overseas epidemic is still severe. It is expected that China's washing machines will still be exported in 2021, with a year-on-year growth rate of about 6%.

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