Market Insights Consumer DIY & Hardware Store

Lawn & Garden - Fiji

Fiji

In Fiji, the revenue generated in the Lawn & Garden market in 2024 amounts to €19.86m.
It is projected that the market will experience an annual growth rate of 5.35% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in this market, reaching €122bn in 2024.
Taking into account the total population, per person revenues amount to €21.06 in 2024.
Fiji's lawn and garden market is experiencing a surge in demand for drought-resistant plants and landscaping services due to the country's water scarcity issues.

Key regions: Germany, Nigeria, Brazil, India, China

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

In Fiji, the Lawn & Garden market within the DIY & Hardware Store Market is experiencing slow growth due to low consumer awareness and limited access to digital technologies. Factors such as traditional gardening practices and lack of online services are impacting the market's minimal growth rate.

Customer preferences: As in the previous paragraph, the Lawn & Garden Market within the DIY & Hardware Store Market has also seen a rise in digital solutions. This includes online resources for gardening tips and maintenance, as well as virtual consultations with horticulture experts. This shift is driven by a growing interest in sustainability and a desire for convenient and efficient gardening practices. Additionally, with the rise of urban gardening and smaller living spaces, consumers are looking for innovative ways to incorporate greenery into their homes.

Trends in the market: In Fiji, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a shift towards sustainable and eco-friendly products. This trend is driven by increasing consumer awareness and demand for environmentally friendly options. In addition, there is a growing trend of urban gardening, with more people living in apartments and smaller spaces utilizing DIY solutions such as vertical gardens and container gardening. This trend is expected to continue as consumers prioritize self-sufficiency and sustainable living. Industry stakeholders will need to adapt and offer a wider range of sustainable products to cater to this trend. This shift also presents opportunities for collaboration with local communities and organizations to provide educational resources and workshops on sustainable gardening practices.

Local special circumstances: In Fiji, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the tropical climate and the cultural emphasis on outdoor living. This has resulted in a demand for a wide range of gardening and landscaping products, as well as outdoor furniture and accessories. Furthermore, strict regulations on land use and building permits make it challenging for commercial growers and landscaping companies to operate, creating a niche market for DIY gardening and landscaping solutions. Additionally, the island's strong tourist industry has also contributed to the market, with tourists interested in purchasing locally-made gardening and outdoor products to bring home.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Fiji is also affected by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The market is highly dependent on the overall economic performance of the country, as fluctuations in GDP growth, inflation rates, and unemployment rates can impact consumer spending on gardening and outdoor equipment. In addition, government policies related to trade, taxation, and infrastructure development can also influence market dynamics. Other key financial indicators such as consumer confidence, disposable income, and housing market trends also play a significant role in shaping the demand for lawn and garden products in Fiji.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.