China: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in China

In 2021, the Chinese motorised invalid carriage market decreased by -15.9% to $X, falling for the third year in a row after two years of growth. Overall, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.1% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Motorised Invalid Carriage Production in China

In value terms, motorised invalid carriage production expanded to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 49%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Motorised Invalid Carriage Exports

Exports from China

In 2021, approx. X units of invalid carriages motorised or mechanically propelled were exported from China; with an increase of 33% against the previous year's figure. In general, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +87.7% against 2016 indices. 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. Overall, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for motorised invalid carriage exports from China, accounting for a 41% share of total exports. Moreover, motorised invalid carriage exports to the United States exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was held by Australia (X units), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.7% per year) and Australia (+16.4% per year).

In value terms, the United States ($X) remains the key foreign market for invalid carriages motorised or mechanically propelled exports from China, comprising 37% of total exports. The second position in the ranking was held by the UK ($X), with an 18% share of total exports. It was followed by Australia, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.3% per year) and Australia (+16.8% per year).

Export Prices by Country

The average motorised invalid carriage export price stood at $X per unit in 2021, growing by 4.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2016 an increase of 12% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into China

In 2021, purchases abroad of invalid carriages motorised or mechanically propelled was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, recorded a abrupt slump. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, motorised invalid carriage imports surged to $X in 2021. In general, imports, however, saw a mild downturn. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest motorised invalid carriage supplier to China, accounting for a 12% share of total imports. Moreover, motorised invalid carriage imports from Japan exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+53.1% per year) and Germany (-1.1% per year).

In value terms, Japan ($X) constituted the largest supplier of invalid carriages motorised or mechanically propelled to China, comprising 28% of total imports. The second position in the ranking was held by Thailand ($X), with a 4.2% share of total imports. It was followed by the United States, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+42.3% per year) and the United States (-3.8% per year).

Import Prices by Country

In 2021, the average motorised invalid carriage import price amounted to $X per unit, growing by 6.5% against the previous year. Over the period under review, the import price showed strong growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Australia ($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 (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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