Vietnam: Mower Market 2025

Mower Market Size in Vietnam

The Vietnamese mower market fell remarkably to $X in 2022, shrinking by X% against the previous year. Overall, consumption saw a dramatic decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mower Production in Vietnam

In value terms, mower production contracted modestly to $X in 2022 estimated in export price. In general, production saw a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mower Exports

Exports from Vietnam

In 2022, overseas shipments of mowers increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mower exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units), China (X units) and Australia (X units) were the main destinations of mower exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), China ($X) and Australia ($X) constituted the largest markets for mower exported from Vietnam worldwide, together comprising X% of total exports.

Among the main countries of destination, Canada, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average mower export price amounted to $X per unit, dropping by X% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price 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, mower export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. 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.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to South Korea ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mower Imports

Imports into Vietnam

In 2022, purchases abroad of mowers increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mower imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Japan (X units) and Poland (X units) were the main suppliers of mower imports to Vietnam, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mower suppliers to Vietnam were Japan ($X), China ($X) and Poland ($X), together comprising X% of total imports. The United States and Thailand lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average mower import price amounted to $X per unit, leveling off at the previous year. Overall, the import price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform

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