In 2023, the import volume of parts for household or laundry-type washing machines stood at 14.5 million kilograms. The forecasted data indicates a steady year-on-year increase: 2.73% in 2024, 2.72% in 2025, 2.54% in 2026, 2.48% in 2027, and 2.37% in 2028. The projected compound annual growth rate (CAGR) over these five years is approximately 2.57%, suggesting steady growth driven by demand and replacement needs as household appliances evolve.
Future trends to watch include:
- Technological advancements in washing machine design prompting part upgrades.
- Trade agreements or tariffs affecting import dynamics.
- Shifts in consumer preference towards eco-friendly or smart appliances.
