Ethiopia: Lawn Mower Market 2024

Lawn Mower Market Size in Ethiopia

In 2022, the Ethiopian lawn mower market decreased by -46.1% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Lawn Mower Exports

Exports from Ethiopia

In 2022, overseas shipments of mowers for lawns, parks, golf courses or sports grounds increased by 33% to X units, rising for the third year in a row after three years of decline. Overall, exports showed a pronounced increase. The pace of growth was the most pronounced in 2020 with an increase of 67%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, lawn mower exports rose sharply to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 564% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Kenya (X units) was the main destination for lawn mower exports from Ethiopia, accounting for a 63% share of total exports. Moreover, lawn mower exports to Kenya exceeded the volume sent to the second major destination, Germany (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.2% per year) and South Africa (0.0% per year).

In value terms, South Africa ($X), Germany ($X) and Kenya ($X) appeared to be the largest markets for lawn mower exported from Ethiopia worldwide.

Kenya, with a CAGR of +56.5%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average lawn mower export price amounted to $X per unit, waning by -15.2% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 453% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted markedly in the following year.

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 South Africa ($X per unit), while the average price for exports to Kenya ($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 Kenya (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn Mower Imports

Imports into Ethiopia

In 2022, supplies from abroad of mowers for lawns, parks, golf courses or sports grounds decreased by -46.1% to X units, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 382%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, lawn mower imports contracted rapidly to $X in 2022. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 318% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X units), Italy (X units) and China (X units) were the main suppliers of lawn mower imports to Ethiopia, with a combined 64% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of mowers for lawns, parks, golf courses or sports grounds to Ethiopia, comprising 34% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by the United States, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.3% per year) and the United States (-7.3% per year).

Import Prices by Country

The average lawn mower import price stood at $X per unit in 2022, picking up by 2.7% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lawn mower import price increased by +98.3% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 57% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for South Africa ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform