Thailand: Mower Market 2024

Mower Market Size in Thailand

In 2022, the Thai mower market was finally on the rise to reach $X after eight years of decline. Over the period under review, consumption, however, saw a perceptible setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Mower Production in Thailand

In value terms, mower production declined modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Mower Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in shipments abroad of mowers, when their volume decreased by X% to X units. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, mower exports fell significantly to $X in 2022. Overall, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

The United States (X units) was the main destination for mower exports from Thailand, with a X% share of total exports. Moreover, mower exports to the United States exceeded the volume sent to the second major destination, Myanmar (X units), ninefold. The third position in this ranking was taken by Lao People's Democratic Republic (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, the United States ($X) remains the key foreign market for mowers exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Myanmar ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The average mower export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, showed a abrupt descent. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Cambodia ($X per unit), while the average price for exports to Japan ($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 Cambodia (X%), while the prices for the other major destinations experienced a decline.

Mower Imports

Imports into Thailand

After two years of growth, purchases abroad of mowers decreased by X% to X units in 2022. In general, imports, however, showed strong growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, mower imports declined to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mower to Thailand, with a X% share of total imports. Moreover, mower imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of mowers to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

Import Prices by Country

The average mower import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :