Nigeria: Lawn Mower Market 2024

Lawn Mower Market Size in Nigeria

The Nigerien lawn mower market declined significantly to $X in 2022, with a decrease of -84% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Lawn Mower Exports

Exports from Nigeria

In 2022, shipments abroad of mowers for lawns, parks, golf courses or sports grounds increased by 746% to X units, rising for the sixth consecutive year after two years of decline. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lawn mower exports skyrocketed to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,478%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X units) was the main destination for lawn mower exports from Nigeria, accounting for a 87% share of total exports. Moreover, lawn mower exports to the UK exceeded the volume sent to the second major destination, Benin (X units), more than tenfold. The third position in this ranking was held by the Philippines (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+23.1% per year) and the Philippines (0.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for mowers for lawns, parks, golf courses or sports grounds exports from Nigeria, comprising 76% of total exports. The second position in the ranking was held by Benin ($X), with a 15% share of total exports. It was followed by the Philippines, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+23.8% per year) and the Philippines (0.0% per year).

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, with a decrease of -16.1% against the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 an increase of 385%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Ghana ($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 Ghana (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Lawn Mower Imports

Imports into Nigeria

In 2022, the amount of mowers for lawns, parks, golf courses or sports grounds imported into Nigeria shrank rapidly to X units, dropping by -87.8% against the previous year. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 278%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, lawn mower imports declined remarkably to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 96% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest lawn mower supplier to Nigeria, with a 74% share of total imports. Moreover, lawn mower imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), eightfold. The third position in this ranking was taken by Germany (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-19.9% per year) and Germany (-1.3% per year).

In value terms, China ($X) constituted the largest supplier of mowers for lawns, parks, golf courses or sports grounds to Nigeria, comprising 74% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.4% share of total imports. It was followed by the UK, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.9% per year) and the UK (-16.1% per year).

Import Prices by Country

In 2022, the average lawn mower import price amounted to $X per unit, growing by 91% against the previous year. Over the period under review, the import price posted pronounced growth. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Brazil ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform