Estonia: Lawn Mower Market 2024

Lawn Mower Market Size in Estonia

In 2022, the Estonian lawn mower market increased by 25% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Lawn Mower Exports

Exports from Estonia

In 2022, the amount of mowers for lawns, parks, golf courses or sports grounds exported from Estonia rose to X units, increasing by 4.5% compared with the previous year's figure. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 53% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, lawn mower exports expanded slightly to $X in 2022. Over the period under review, exports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 59%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Lithuania (X units), Latvia (X units) and Sweden (X units) were the main destinations of lawn mower exports from Estonia, together accounting for 89% of total exports. Norway, Germany, Finland and Russia lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +38.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Latvia ($X) and Sweden ($X) appeared to be the largest markets for lawn mower exported from Estonia worldwide, together accounting for 89% of total exports. Norway, Finland, Germany and Russia lagged somewhat behind, together accounting for a further 9.1%.

Finland, with a CAGR of +45.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, approximately reflecting the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +10.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Germany ($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 Russia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn Mower Imports

Imports into Estonia

For the third consecutive year, Estonia recorded growth in supplies from abroad of mowers for lawns, parks, golf courses or sports grounds, which increased by 15% to X units in 2022. Overall, imports showed strong growth. The growth pace was the most rapid in 2021 when imports increased by 70% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, lawn mower imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 72%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X units), the United States (X units) and Poland (X units) were the main suppliers of lawn mower imports to Estonia, together comprising 91% of total imports. The UK and Germany lagged somewhat behind, together accounting for a further 3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +26.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the UK ($X) were the largest lawn mower suppliers to Estonia, together accounting for 85% of total imports.

Among the main suppliers, the UK, with a CAGR of +44.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lawn mower import price amounted to $X per unit, rising by 4.2% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 +50.1% against 2015 indices. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the United States ($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 UK (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform