South-Eastern Asia: Garden Tool Market 2024

Garden Tool Market Size in South-Eastern Asia

The Southeast Asian garden tool market expanded markedly to $X in 2023, growing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Garden Tool Production in South-Eastern Asia

In value terms, garden tool production expanded to $X in 2023 estimated in export price. The total production indicated a modest expansion 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Garden Tool Exports

Exports in South-Eastern Asia

In 2023, overseas shipments of garden tools decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, showed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then fell notably in the following year.

In value terms, garden tool exports reduced sharply to $X in 2023. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then shrank dramatically in the following year.

Exports by Country

Vietnam represented the key exporting country with an export of about X tons, which finished at X% of total exports. Malaysia (X tons) took the second position in the ranking, followed by Thailand (X tons). All these countries together took near X% share of total exports. Singapore (X tons) took a little share of total exports.

Vietnam was also the fastest-growing in terms of the garden tools exports, with a CAGR of X% from 2012 to 2023. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Vietnam totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, growing by X% 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 2017 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Malaysia ($X per ton) and Vietnam ($X per ton), while Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Garden Tool Imports

Imports in South-Eastern Asia

After two years of growth, overseas purchases of garden tools decreased by X% to X tons in 2023. In general, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, garden tool imports dropped dramatically to $X in 2023. Overall, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Indonesia (X tons), distantly followed by Malaysia (X tons), Thailand (X tons), Singapore (X tons), Myanmar (X tons), the Philippines (X tons) and Vietnam (X tons) represented the largest importers of garden tools, together committing 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, Indonesia ($X) constitutes the largest market for imported garden tools in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Indonesia, garden tool imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a moderate increase. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform