Asia: Lawn Mower Market 2024

Lawn Mower Market Size in Asia

The Asian lawn mower market reduced to $X in 2022, waning by -6.4% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Lawn Mower Production in Asia

In value terms, lawn mower production reached $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 8.9%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Lawn Mower Exports

Exports in Asia

In 2022, exports of mowers for lawns, parks, golf courses or sports grounds in Asia surged to X units, rising by 34% compared with 2021 figures. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 69% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, lawn mower exports skyrocketed to $X in 2022. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 53%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

China prevails in exports structure, reaching X units, which was near 92% of total exports in 2022. It was distantly followed by Vietnam (X units), constituting a 5.1% share of total exports. Japan (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +21.2% from 2012 to 2022. At the same time, Vietnam (+114.3%) and Japan (+7.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +114.3% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by +5.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lawn mower supplier in Asia, comprising 84% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 9.6% share of total exports.

In China, lawn mower exports increased at an average annual rate of +12.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+102.9% per year) and Japan (+5.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, shrinking by -13.6% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 5.9% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.8%), while the other leaders experienced a decline in the export price figures.

Lawn Mower Imports

Imports in Asia

For the third year in a row, Asia recorded growth in purchases abroad of mowers for lawns, parks, golf courses or sports grounds, which increased by 0.7% to X units in 2022. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +40.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, lawn mower imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Thailand (X units), distantly followed by Japan (X units), South Korea (X units), Vietnam (X units), Indonesia (X units), Turkey (X units) and Iraq (X units) represented the major importers of mowers for lawns, parks, golf courses or sports grounds, together creating 64% of total imports. The following importers - Malaysia (X units), Kazakhstan (X units), China (X units), India (X units), the United Arab Emirates (X units) and Iran (X units) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 42% of total imports. Vietnam, China, Turkey, Indonesia, the United Arab Emirates, Malaysia, India, Iraq, Kazakhstan and Iran lagged somewhat behind, together accounting for a further 42%.

Malaysia, with a CAGR of +15.6%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per unit in 2022, remaining stable against the previous year. Over the period under review, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 7%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform