Overview of the Global Market for Vacuum Cleaners With Motor

Market Size for Vacuum Cleaners With Motor

The global vacuum cleaner with motor market expanded rapidly to $X in 2021, increasing by 9.4% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Global consumption peaked in 2021 and is likely to continue growth in the near future.

Production of Vacuum Cleaners With Motor

In value terms, vacuum cleaner with motor production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 8.7%. As a result, production attained the peak level of $X, and then contracted modestly in the following year.

Exports of Vacuum Cleaners With Motor

Exports

In 2021, shipments abroad of vacuum cleaners with motor increased by 4.7% to X tons, rising for the sixth consecutive year after two years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +54.9% against 2015 indices. The growth pace was the most rapid in 2020 when exports increased by 19% against the previous year. Over the period under review, the global exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, vacuum cleaner with motor exports expanded notably to $X in 2021. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The global exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

China dominates exports structure, recording X tons, which was approx. 59% of total exports in 2021. Malaysia (X tons) held a 6.9% share (based on physical terms) of total exports, which put it in second place, followed by Germany (7.5%). Vietnam (X tons), Romania (X tons), Mexico (X tons), the United States (X tons), Hong Kong SAR (X tons), the Netherlands (X tons), Belgium (X tons) and Hungary (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +5.4% from 2012 to 2021. At the same time, Hong Kong SAR (+26.2%), Romania (+18.0%), the Netherlands (+12.5%), Vietnam (+8.1%), Belgium (+5.4%), Malaysia (+4.7%) and Germany (+4.6%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.2% from 2012-2021. By contrast, Mexico (-8.3%), Hungary (-11.7%) and the United States (-12.3%) illustrated a downward trend over the same period. While the share of China (+2.1 p.p.), Romania (+2.1 p.p.) and the Netherlands (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-2.2 p.p.), Hungary (-2.4 p.p.) and Mexico (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vacuum cleaner with motor supplier worldwide, comprising 48% of global exports. The second position in the ranking was taken by Germany ($X), with a 12% share of global exports. It was followed by Malaysia, with a 9.5% share.

In China, vacuum cleaner with motor exports expanded at an average annual rate of +11.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+8.4% per year) and Malaysia (+8.9% per year).

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, rising by 4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The global export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.7%), while the other global leaders experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports

In 2021, the amount of vacuum cleaners with motor imported worldwide rose significantly to X tons, with an increase of 8.1% against 2020. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 11%. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, vacuum cleaner with motor imports surged to $X in 2021. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the seven major importers of vacuum cleaners with motor, namely Russia, the United States, the Netherlands, Japan, Germany, France and the UK, represented more than third of total import. Japan (X tons) ranks next in terms of the total imports with a 4.7% share, followed by the UK (5.2%), Russia (6.6%), Germany (11%) and France (6.8%). Australia (X tons), Poland (X tons), Italy (X tons), Spain (X tons), Belgium (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +19.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest vacuum cleaner with motor importing markets worldwide were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined 36% share of global imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +26.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor import price increased by +82.7% against 2012 indices. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.2%), while the other global leaders experienced more modest paces of growth.

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