Southern Asia: Mower Market 2024

Mower Market Size in Southern Asia

The South Asian mower market totaled $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Mower Production in Southern Asia

In value terms, mower production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mower Exports

Exports in Southern Asia

In 2022, mower exports in Southern Asia expanded rapidly to X units, growing by X% against the year before. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, mower exports reached $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from India (X units), together reaching X% of total export.

India was also the fastest-growing in terms of the mowers exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest mower supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, reducing by X% against the previous year. In general, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Mower Imports

Imports in Southern Asia

In 2022, approx. X units of mowers were imported in Southern Asia; shrinking by X% compared with 2021 figures. Total imports indicated modest growth from 2012 to 2022: its volume 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, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mower imports dropped to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, reaching X units, which was approx. X% of total imports in 2022. Bangladesh (X units) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%). The following importers - Nepal (X units) and Afghanistan (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mower imports into India stood at X%. At the same time, Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan experienced a relatively flat trend pattern. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported mowers in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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