China: Lawn Mower Market 2024

Lawn Mower Market Size in China

In 2022, the Chinese lawn mower market decreased by -15.1% to $X, falling for the eighth year in a row after three years of growth. In general, consumption saw a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Lawn Mower Production in China

In value terms, lawn mower production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Lawn Mower Exports

Exports from China

In 2022, the amount of mowers for lawns, parks, golf courses or sports grounds exported from China skyrocketed to X units, increasing by 30% compared with the previous year's figure. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 77% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lawn mower exports expanded rapidly to $X in 2022. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for lawn mower exports from China, with a 28% share of total exports. Moreover, lawn mower exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by France (X units), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.4% per year) and France (+32.5% per year).

In value terms, the United States ($X) remains the key foreign market for mowers for lawns, parks, golf courses or sports grounds exports from China, comprising 27% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by France, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.1% per year) and France (+20.6% per year).

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, dropping by -19.1% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 7.9% against the previous year. Over the period under review, the average export prices attained the maximum 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the UK ($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 Japan (+1.3%), while the prices for the other major destinations experienced a decline.

Lawn Mower Imports

Imports into China

In 2022, approx. X units of mowers for lawns, parks, golf courses or sports grounds were imported into China; stabilizing at 2021 figures. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by 24% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lawn mower imports skyrocketed to $X in 2022. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 65%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Japan (X units) and Vietnam (X units) were the main suppliers of lawn mower imports to China, together accounting for 28% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +70.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of mowers for lawns, parks, golf courses or sports grounds to China, comprising 62% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.5% share of total imports. It was followed by Japan, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.7% per year) and Japan (-13.5% per year).

Import Prices by Country

The average lawn mower import price stood at $X per unit in 2022, growing by 51% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lawn mower import price increased by +82.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform