Asia-Pacific: Garden Tool Market 2024

Garden Tool Market Size in Asia-Pacific

The Asia-Pacific garden tool market expanded significantly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Garden Tool Production in Asia-Pacific

In value terms, garden tool production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Garden Tool Exports

Exports in Asia-Pacific

In 2023, shipments abroad of garden tools decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, garden tool exports shrank to $X in 2023. Total exports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China was the largest exporter of garden tools in Asia-Pacific, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X tons) took the second position in the ranking, distantly followed by India (X tons) and Vietnam (X tons). All these countries together held approx. X% share of total exports. The following exporters - Malaysia (X tons) and Thailand (X tons) - each accounted for a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of garden tools. At the same time, Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), Taiwan (Chinese) (X%) and India (X%) illustrated a downward trend over the same period. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while India and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest garden tool supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In China, garden tool exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Garden Tool Imports

Imports in Asia-Pacific

In 2023, after two years of growth, there was significant decline in supplies from abroad of garden tools, when their volume decreased by X% to X tons. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, garden tool imports contracted rapidly to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped markedly in the following year.

Imports by Country

In 2023, Japan (X tons), distantly followed by South Korea (X tons), Australia (X tons), Indonesia (X tons) and India (X tons) represented the major importers of garden tools, together generating X% of total imports. The following importers - Papua New Guinea (X tons), New Zealand (X tons), Malaysia (X tons), Nepal (X tons), Thailand (X tons), Singapore (X tons), Myanmar (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest garden tool importing markets in Asia-Pacific were Japan ($X), Australia ($X) and South Korea ($X), with a combined X% share of total imports. Indonesia, India, New Zealand, Singapore, Papua New Guinea, Thailand, Malaysia, Taiwan (Chinese), Nepal and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

In 2023, the import price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, garden tool import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform