South-Eastern Asia: Mower Market 2024

Mower Market Size in South-Eastern Asia

The Southeast Asian mower market contracted rapidly to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Mower Production in South-Eastern Asia

In value terms, mower production reduced slightly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Mower Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of mowers increased by X% to X units, rising for the third year in a row after three years of decline. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, mower exports soared to $X in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Vietnam (X units) represented the key exporter of mowers, making up X% of total exports. It was distantly followed by Thailand (X units), constituting a X% share of total exports.

Vietnam was also the fastest-growing in terms of the mowers exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. From 2012 to 2022, the share of Vietnam increased by X percentage points.

In value terms, Vietnam ($X) emerged as the largest mower supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Vietnam, mower exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, recorded a pronounced setback. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Mower Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of mowers increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, mower imports amounted to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Thailand (X units) and Indonesia (X units) represented the largest importers of mowers in South-Eastern Asia, together comprising X% of total imports. It was distantly followed by Vietnam (X units) and Malaysia (X units), together committing a X% share of total imports. Lao People's Democratic Republic (X units), Myanmar (X units), the Philippines (X units) and Cambodia (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Malaysia, Myanmar, the Philippines, Lao People's Democratic Republic and Cambodia lagged somewhat behind, together accounting for a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($X per unit), while Cambodia ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :