Chile: Lawn Mower Market 2024

Lawn Mower Market Size in Chile

The Chilean lawn mower market declined significantly to $X in 2022, reducing by -37.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a moderate increase. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Lawn Mower Exports

Exports from Chile

For the third consecutive year, Chile recorded growth in shipments abroad of mowers for lawns, parks, golf courses or sports grounds, which increased by 22% to X units in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 412%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, lawn mower exports surged to $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 513% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bolivia (X units) was the main destination for lawn mower exports from Chile, with a 58% share of total exports. Moreover, lawn mower exports to Bolivia exceeded the volume sent to the second major destination, Uruguay (X units), fourfold. The third position in this ranking was taken by Peru (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia stood at +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+24.6% per year) and Peru (+19.1% per year).

In value terms, Bolivia ($X) remains the key foreign market for mowers for lawns, parks, golf courses or sports grounds exports from Chile, comprising 63% of total exports. The second position in the ranking was held by Peru ($X), with a 13% share of total exports. It was followed by Uruguay, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia stood at +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+20.8% per year) and Uruguay (+39.1% per year).

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, approximately reflecting the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lawn mower export price increased by +66.4% against 2017 indices. The pace of growth appeared the most rapid in 2016 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn Mower Imports

Imports into Chile

Lawn mower imports into Chile reduced markedly to X units in 2022, with a decrease of -22.9% against the year before. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +109.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 171% against the previous year. As a result, imports attained the peak of X units, and then contracted significantly in the following year.

In value terms, lawn mower imports shrank notably to $X in 2022. Over the period under review, imports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 182%. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

China (X units), the United States (X units) and Mexico (X units) were the main suppliers of lawn mower imports to Chile, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +52.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and Mexico ($X) appeared to be the largest lawn mower suppliers to Chile, with a combined 96% share of total imports.

Mexico, with a CAGR of +55.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lawn mower import price stood at $X per unit in 2022, waning by -19.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2020 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then dropped rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform