Eastern Asia: Lawn Mower Market 2024

Lawn Mower Market Size in Eastern Asia

The East Asian lawn mower market fell to $X in 2022, declining by -10% against the previous year. Over the period under review, consumption saw a noticeable decrease. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Lawn Mower Production in Eastern Asia

In value terms, lawn mower production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Lawn Mower Exports

Exports in Eastern Asia

For the sixth year in a row, Eastern Asia recorded growth in overseas shipments of mowers for lawns, parks, golf courses or sports grounds, which increased by 30% to X units in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 71%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, lawn mower exports rose sharply to $X in 2022. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was near 98% of total exports in 2022. Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mowers for lawns, parks, golf courses or sports grounds exports, with a CAGR of +21.2% from 2012 to 2022. At the same time, Japan (+7.2%) displayed positive paces of growth. China (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -3.8% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest lawn mower supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was taken by Japan ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +12.8%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, reducing by -18.7% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when the export price increased by 7.1%. 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.

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 Japan ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.8%).

Lawn Mower Imports

Imports in Eastern Asia

In 2022, approx. X units of mowers for lawns, parks, golf courses or sports grounds were imported in Eastern Asia; growing by 3.1% on the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lawn mower imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 18%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Japan (X units) and South Korea (X units) represented the main importers of mowers for lawns, parks, golf courses or sports grounds in Eastern Asia, together resulting at approx. 79% of total imports. China (X units) ranks next in terms of the total imports with a 13% share, followed by Taiwan (Chinese) (6.7%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +10.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined 93% share of total imports.

South Korea, with a CAGR of +6.6%, 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 Eastern Asia amounted to $X per unit, surging by 5.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.8% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per unit) and Japan ($X per unit), while South Korea ($X per unit) and Taiwan (Chinese) ($X per unit) were 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 mixed trends in the import price figures.

Source: IndexBox Platform