Asia-Pacific: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Asia-Pacific

The Asia-Pacific motorised invalid carriage market fell to $X.5B in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X.7B. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Motorised Invalid Carriage Production in Asia-Pacific

In value terms, motorised invalid carriage production fell to $X.4B in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X.9B. From 2019 to 2022, production growth failed to regain momentum.

Motorised Invalid Carriage Exports

Exports in Asia-Pacific

Motorised invalid carriage exports surged to X units in 2022, rising by X% compared with the previous year. Total exports indicated a temperate increase 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorised invalid carriage exports surged to $X in 2022. Total exports indicated buoyant growth 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X units) was the largest exporter of invalid carriages motorised or mechanically propelled, mixing up X% of total exports. Taiwan (Chinese) (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%). Thailand (X units) and Vietnam (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%), Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. Singapore (X p.p.), China (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, motorised invalid carriage exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Motorised Invalid Carriage Imports

Imports in Asia-Pacific

Motorised invalid carriage imports rose significantly to X units in 2022, with an increase of X% on 2021. Total imports indicated strong 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, motorised invalid carriage imports amounted to $X in 2022. Total imports indicated a resilient increase 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the major importing country with an import of around X units, which reached X% of total imports. The Philippines (X units) held the second position in the ranking, distantly followed by Australia (X units) and Singapore (X units). All these countries together took approx. X% share of total imports. The following importers - Pakistan (X units), Thailand (X units) and Myanmar (X units) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to motorised invalid carriage imports into India stood at X%. At the same time, Myanmar (X%), the Philippines (X%), Pakistan (X%), Thailand (X%), Singapore (X%) and Australia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported invalid carriages motorised or mechanically propelled in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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