Asia: Motorised Invalid Carriage Market 2025

Motorised Invalid Carriage Market Size in Asia

In 2021, after two years of decline, there was growth in the Asian motorised invalid carriage market, when its value increased by 0.1% to $X. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Production in Asia

In value terms, motorised invalid carriage production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Motorised Invalid Carriage Exports

Exports in Asia

Motorised invalid carriage exports skyrocketed to X units in 2021, jumping by 31% compared with 2020. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorised invalid carriage exports skyrocketed to $X in 2021. Total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.7% against 2019 indices. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of about X units, which finished at 74% of total exports. It was distantly followed by Taiwan (Chinese) (X units), making up a 17% share of total exports. Thailand (X units), Turkey (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to motorised invalid carriage exports from China stood at +2.4%. At the same time, Turkey (+25.9%), Thailand (+22.3%) and Vietnam (+2.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +25.9% from 2012-2021. By contrast, Taiwan (Chinese) (-3.4%) illustrated a downward trend over the same period. While the share of China (+5 p.p.), Thailand (+2.8 p.p.) and Turkey (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-9.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorised invalid carriage supplier in Asia, comprising 64% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 26% share of total exports. It was followed by Vietnam, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-0.7% per year) and Vietnam (+6.2% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, falling by -2.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2014 when the export price increased by 7.7%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the other leaders experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports in Asia

In 2021, motorised invalid carriage imports in Asia stood at X units, surging by 12% against 2020. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, motorised invalid carriage imports soared to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India represented the key importing country with an import of about X units, which resulted at 46% of total imports. Saudi Arabia (X units) ranks second in terms of the total imports with a 9.5% share, followed by Singapore (8.6%), Turkey (5.9%) and the Philippines (5.5%). Malaysia (X units), South Korea (X units), Hong Kong SAR (X units), Azerbaijan (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to motorised invalid carriage imports into India stood at +5.3%. At the same time, Azerbaijan (+69.4%), Hong Kong SAR (+23.7%), Malaysia (+15.7%), Singapore (+13.5%), the Philippines (+11.4%), South Korea (+5.7%), Turkey (+3.3%) and Japan (+2.0%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in Asia, with a CAGR of +69.4% from 2012-2021. By contrast, Saudi Arabia (-10.9%) illustrated a downward trend over the same period. While the share of India (+7.2 p.p.), Singapore (+4.9 p.p.), the Philippines (+2.7 p.p.), Malaysia (+2.5 p.p.) and Azerbaijan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Saudi Arabia (-26.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motorised invalid carriage importing markets in Asia were South Korea ($X), Japan ($X) and Turkey ($X), with a combined 31% share of total imports. These countries were followed by India, Saudi Arabia, Hong Kong SAR, Singapore, Malaysia, Azerbaijan and the Philippines, which together accounted for a further 31%.

Azerbaijan, with a CAGR of +78.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, surging by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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