Benelux: Invalid Carriage Market 2024

Invalid Carriage Market Size in Benelux

In 2022, the Benelux invalid carriage market increased by 17% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +56.3% against 2019 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Invalid Carriage Production in Benelux

In value terms, invalid carriage production rose significantly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 45%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Invalid Carriage Exports

Exports in Benelux

After two years of growth, shipments abroad of invalid carriages not mechanically propelled decreased by -28.4% to X units in 2022. In general, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, invalid carriage exports contracted remarkably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Belgium (X units) and the Netherlands (X units) represented the main exporter of invalid carriages not mechanically propelled in Benelux, comprising 99.9% of total export.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +1.4%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022.

Belgium, with a CAGR of +2.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, growing by 8% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.6%).

Invalid Carriage Imports

Imports in Benelux

In 2022, approx. X units of invalid carriages not mechanically propelled were imported in Benelux; surging by 9.3% on 2021. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +44.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, invalid carriage imports reduced sharply to $X in 2022. Overall, imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of invalid carriage imports in 2022 were the Netherlands (X units) and Belgium (X units), together recording 99% of total import.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +2.0%).

In value terms, the largest invalid carriage importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

Belgium, with a CAGR of +0.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, declining by -25.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.2%).

Source: IndexBox Platform