Asia: Mower Market 2024

Mower Market Size in Asia

The Asian mower market rose notably to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a mild downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Mower Production in Asia

In value terms, mower production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Mower Exports

Exports in Asia

After five years of growth, overseas shipments of mowers decreased by X% to X units in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, mower exports skyrocketed to $X in 2022. Overall, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. Vietnam (X units) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual growth rate of value in China stood at X%.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 China amounted to $X per unit.

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

Mower Imports

Imports in Asia

After two years of growth, supplies from abroad of mowers decreased by X% to X units in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, mower imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The purchases of the nine major importers of mowers, namely Japan, Thailand, Indonesia, South Korea, Kazakhstan, Vietnam, Turkey, China and Iraq, represented more than two-thirds of total import. The following importers - India (X units), Azerbaijan (X units), Cyprus (X units) and Georgia (X units) - each finished at an X% share of total imports.

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

In value terms, the largest mower importing markets in Asia were Japan ($X), South Korea ($X) and Indonesia ($X), together comprising X% of total imports. Thailand, China, Vietnam, Turkey, Kazakhstan, India, Iraq, Georgia, Azerbaijan and Cyprus lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, 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 Asia amounted to $X per unit, leveling off at the previous year. Over the period under review, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 ($X per unit), while Cyprus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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