China: Invalid Carriage Market 2025

Invalid Carriage Market Size in China

In 2022, the Chinese invalid carriage market decreased by -60.8% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Invalid Carriage Production in China

In value terms, invalid carriage production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 52% against the previous year. Invalid carriage production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Invalid Carriage Exports

Exports from China

In 2022, exports of invalid carriages not mechanically propelled from China skyrocketed to X units, increasing by 16% on the previous year's figure. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +50.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, invalid carriage exports soared to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +65.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for invalid carriage exports from China, accounting for a 38% share of total exports. Moreover, invalid carriage exports to the United States exceeded the volume sent to the second major destination, Germany (X units), ninefold. The third position in this ranking was held by the UK (X units), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.2% per year) and the UK (+5.3% per year).

In value terms, the United States ($X) remains the key foreign market for invalid carriages not mechanically propelled exports from China, comprising 30% of total exports. The second position in the ranking was held by Japan ($X), with a 9.6% share of total exports. It was followed by Germany, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+0.5% per year) and Germany (+8.2% per year).

Export Prices by Country

The average invalid carriage export price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Invalid Carriage Imports

Imports into China

In 2022, overseas purchases of invalid carriages not mechanically propelled increased by 25% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, invalid carriage imports declined dramatically to $X in 2022. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 22%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), Germany (X units) and the United States (X units) were the main suppliers of invalid carriage imports to China, with a combined 11% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +55.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the United States ($X) were the largest invalid carriage suppliers to China, with a combined 40% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +38.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average invalid carriage import price stood at $X per unit in 2022, falling by -36.3% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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