Report Update Nov 1, 2024

Latvia - Mowers for Lawns, Parks, Golf Courses or Sports Grounds - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Lawn Mower Market 2024

Lawn Mower Market Size in Latvia

For the fourth consecutive year, the Latvian lawn mower market recorded growth in sales value, which increased by 26% to $X in 2022. In general, consumption posted a buoyant expansion. Lawn mower consumption peaked in 2022 and is expected to retain growth in years to come.

Lawn Mower Production in Latvia

In value terms, lawn mower production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced increase. The pace of growth was the most pronounced in 2020 with an increase of 83% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Lawn Mower Exports

Exports from Latvia

In 2022, overseas shipments of mowers for lawns, parks, golf courses or sports grounds decreased by -25% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 53%. The exports peaked at X units in 2021, and then fell notably in the following year.

In value terms, lawn mower exports fell rapidly to $X in 2022. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 66%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Lithuania (X units) was the main destination for lawn mower exports from Latvia, accounting for a 83% share of total exports. Moreover, lawn mower exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Lithuania totaled +6.6%.

In value terms, Lithuania ($X) remains the key foreign market for mowers for lawns, parks, golf courses or sports grounds exports from Latvia, comprising 83% of total exports. The second position in the ranking was taken by Estonia ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Lithuania totaled +7.9%.

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, growing by 9.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Estonia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+1.7%).

Lawn Mower Imports

Imports into Latvia

In 2022, the amount of mowers for lawns, parks, golf courses or sports grounds imported into Latvia was estimated at X units, picking up by 10% against 2021 figures. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, lawn mower imports skyrocketed to $X in 2022. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 85%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Estonia (X units) and Lithuania (X units) were the main suppliers of lawn mower imports to Latvia, together accounting for 60% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Estonia ($X) and Sweden ($X) appeared to be the largest lawn mower suppliers to Latvia, with a combined 58% share of total imports.

China, with a CAGR of +28.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lawn mower import price stood at $X per unit in 2022, with an increase of 7.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 8.1% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Sweden ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the lawn mower market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28304010 - Electric mowers for lawns, parks, golf courses or sports grounds
Prodcom 28304030 - Mowers for lawns, parks or sports grounds, powered nonelectrically, w ith the cutting device rotating in a horizontal plane
Prodcom 28304050 - Motor mowers for lawns, parks or sports grounds, powered non-electrically, with the cutting device rotating in a vertical plane or with cutter bars
Prodcom 28304070 - Non-motorised mowers for lawns, parks, golf courses or sports grounds (such as push cylinder mowers) (excluding with the cutting device rotating in a horizontal plane)

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023