Hong Kong SAR, China: Lawn Mower Market 2024

Lawn Mower Market Size in Hong Kong SAR, China

The Hong Kong lawn mower market dropped to $X in 2022, reducing by X% against the previous year. In general, consumption recorded a slight decrease. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Lawn Mower Production in Hong Kong SAR, China

In value terms, lawn mower production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Lawn Mower Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of mowers for lawns, parks, golf courses or sports grounds decreased by X% to X units, falling for the third year in a row after two years of growth. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, lawn mower exports contracted to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Thailand (X units) were the main destinations of lawn mower exports from Hong Kong SAR, with a combined X% share of total exports.

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

In value terms, Thailand ($X), China ($X) and the United States ($X) appeared to be the largest markets for lawn mower exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United States, 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 lawn mower export price amounted to $X per unit, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

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

Lawn Mower Imports

Imports into Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of mowers for lawns, parks, golf courses or sports grounds, which decreased by X% to X units in 2022. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, lawn mower imports fell rapidly to $X in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of lawn mower imports to Hong Kong SAR, with a combined X% share of total imports. Austria, the UK and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest lawn mower suppliers to Hong Kong SAR, together accounting for X% of total imports. Austria, the UK and Singapore lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, saw 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 a decline.

Import Prices by Country

The average lawn mower import price stood at $X per unit in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per unit) and Japan ($X per unit), while the price for Singapore ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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