Republic of Korea - Mowers for Lawns, Parks, Golf Courses or Sports Grounds - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLawn Mower Price in South Korea - 2022
Contents:
- Lawn Mower Price in South Korea (CIF) - 2022
- Lawn Mower Price in South Korea (FOB) - 2022
- Lawn Mower Imports in South Korea
- Lawn Mower Exports in South Korea
Lawn Mower Price in South Korea (CIF) - 2022
In 2022, the average lawn mower import price amounted to $638 per unit, with a decrease of -3.2% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 7.6% against the previous year. The import price peaked at $922 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 UK ($1,441 per unit), while the price for China ($370 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Lawn Mower Price in South Korea (FOB) - 2022
The average lawn mower export price stood at $584 per unit in 2022, with an increase of 9.5% against the previous year. Overall, the export price, however, recorded a abrupt slump. The growth pace was the most rapid in 2018 an increase of 108% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,292 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($637 per unit), while the average price for exports to the Netherlands ($450 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 the United States (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.
Lawn Mower Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in purchases abroad of mowers for lawns, parks, golf courses or sports grounds, which increased by 7.8% to 47K units in 2022. The total import volume increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, lawn mower imports reached $30M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 12%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Lawn Mower in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.8 | 9.4 | 10.0 | 10.3 | 14.8% |
| United States | 8.5 | 8.5 | 8.3 | 8.4 | -0.4% |
| China | 5.8 | 5.4 | 7.3 | 8.0 | 11.3% |
| United Kingdom | 1.1 | 1.0 | 0.4 | 1.1 | 0.0% |
| Italy | 0.9 | 1.4 | 1.2 | 0.7 | -8.0% |
| Others | 0.7 | 0.9 | 1.4 | 1.1 | 16.3% |
| Total | 23.8 | 26.7 | 28.5 | 29.7 | 7.7% |
Top Suppliers of Lawn Mower to South Korea in 2022:
- China (21.7K units)
- United States (11.4K units)
- Japan (10.0K units)
- Italy (1.0K units)
- United Kingdom (0.8K units)
Lawn Mower Exports in South Korea
Lawn mower exports from South Korea skyrocketed to 11K units in 2022, picking up by 47% on 2021 figures. In general, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at 15K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, lawn mower exports soared to $6.5M in 2022. Over the period under review, exports, however, recorded a noticeable setback. The exports peaked at $7.5M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Lawn Mower in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 2.0 | 3.0 | 5.2 | -8.6% |
| Canada | 0.3 | 0.8 | 0.5 | 0.8 | 38.7% |
| Netherlands | N/A | 0.5 | 0.1 | 0.3 | -22.5% |
| Others | 0.5 | 0.2 | 0.5 | 0.2 | -26.3% |
| Total | 7.5 | 3.5 | 4.0 | 6.5 | -4.7% |
Top Export Markets for Lawn Mower from South Korea in 2022:
- United States (8.7K units)
- Canada (1.2K units)
- Netherlands (0.7K units)
This report provides an in-depth analysis of the lawn mower market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28304010 - Electric mowers for lawns, parks, golf courses or sports grounds
- Prodcom 28304030 - Mowers for lawns, parks or sports grounds, powered nonelectrically, w ith the cutting device rotating in a horizontal plane
- Prodcom 28304050 - Motor mowers for lawns, parks or sports grounds, powered non-electrically, with the cutting device rotating in a vertical plane or with cutter bars
- Prodcom 28304070 - Non-motorised mowers for lawns, parks, golf courses or sports grounds (such as push cylinder mowers) (excluding with the cutting device rotating in a horizontal plane)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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