ASEAN: Lawn Mower Market 2025

Lawn Mower Market Size in ASEAN

In 2022, the ASEAN lawn mower market decreased by -31.3% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Lawn Mower Production in ASEAN

In value terms, lawn mower production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2013 with an increase of 8.7% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Lawn Mower Exports

Exports in ASEAN

In 2022, shipments abroad of mowers for lawns, parks, golf courses or sports grounds increased by 214% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,316% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, lawn mower exports skyrocketed to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,094%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Vietnam (X units) represented the largest exporter of mowers for lawns, parks, golf courses or sports grounds, constituting 88% of total exports. It was distantly followed by Thailand (X units), making up an 11% share of total exports.

Vietnam was also the fastest-growing in terms of the mowers for lawns, parks, golf courses or sports grounds exports, with a CAGR of +114.3% from 2012 to 2022. At the same time, Thailand (+26.8%) displayed positive paces of growth. Vietnam (+85 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -56.4% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) emerged as the largest lawn mower supplier in ASEAN, comprising 94% of total exports. The second position in the ranking was held by Thailand ($X), with a 5.5% share of total exports.

In Vietnam, lawn mower exports expanded at an average annual rate of +102.9% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, surging by 201% against the previous year. In general, the export price, however, continues to indicate a perceptible shrinkage. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-5.3%).

Lawn Mower Imports

Imports in ASEAN

In 2022, supplies from abroad of mowers for lawns, parks, golf courses or sports grounds increased by 6.8% to X units, rising for the third consecutive year after two years of decline. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +109.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 47%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, lawn mower imports contracted to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Thailand represented the major importing country with an import of around X units, which resulted at 44% of total imports. Vietnam (X units) ranks second in terms of the total imports with a 17% share, followed by Indonesia (16%) and Malaysia (10%). Cambodia (X units), Lao People's Democratic Republic (X units) and Myanmar (X units) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of +13.2% from 2012 to 2022. At the same time, Cambodia (+31.1%), Lao People's Democratic Republic (+24.6%), Vietnam (+17.6%), Malaysia (+16.6%) and Myanmar (+11.7%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +31.1% from 2012-2022. By contrast, Indonesia (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Vietnam, Malaysia, Cambodia and Lao People's Democratic Republic increased by +18, +10, +5.5, +3 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, with a combined 70% share of total imports. Malaysia, Myanmar, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 23%.

Cambodia, with a CAGR of +25.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, waning by -7.3% against the previous year. In general, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 25%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Myanmar ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform