Luxembourg: Lawn Mower Market 2024

Lawn Mower Market Size in Luxembourg

In 2022, the Luxembourg lawn mower market increased by 5.8% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Lawn Mower Exports

Exports from Luxembourg

In 2022, shipments abroad of mowers for lawns, parks, golf courses or sports grounds increased by 28% to X units, rising for the seventh consecutive year after two years of decline. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 100%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, lawn mower exports dropped modestly to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 90%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell modestly in the following year.

Exports by Country

France (X units), Germany (X units) and Belgium (X units) were the main destinations of lawn mower exports from Luxembourg, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +64.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for lawn mower exported from Luxembourg worldwide, together comprising 100% of total exports.

In terms of the main countries of destination, France, with a CAGR of +58.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, dropping by -22.3% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Germany ($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 Belgium (-1.9%), while the prices for the other major destinations experienced a decline.

Lawn Mower Imports

Imports into Luxembourg

For the third year in a row, Luxembourg recorded growth in supplies from abroad of mowers for lawns, parks, golf courses or sports grounds, which increased by 18% to X units in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, lawn mower imports stood at $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.5% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 32%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest lawn mower supplier to Luxembourg, accounting for a 44% share of total imports. Moreover, lawn mower imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. France (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.6% per year) and France (+10.1% per year).

In value terms, Germany ($X) constituted the largest supplier of mowers for lawns, parks, golf courses or sports grounds to Luxembourg, comprising 44% of total imports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.0% per year) and France (+7.9% per year).

Import Prices by Country

In 2022, the average lawn mower import price amounted to $X per unit, with a decrease of -14.1% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 8.5%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform