Europe: Invalid Carriage Market 2024

Invalid Carriage Market Size in Europe

In 2022, the Europe invalid carriage market increased by 10% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Invalid Carriage Production in Europe

In value terms, invalid carriage production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Invalid Carriage Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of invalid carriages not mechanically propelled, when their volume decreased by -11% to X units. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, invalid carriage exports dropped to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X units), distantly followed by Sweden (X units), Belgium (X units), the Netherlands (X units), France (X units) and Poland (X units) were the major exporters of invalid carriages not mechanically propelled, together mixing up 79% of total exports. The UK (X units), Italy (X units), Denmark (X units), Spain (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to invalid carriage exports from Germany stood at -1.5%. At the same time, Russia (+38.5%), Italy (+6.4%), Sweden (+6.0%), Poland (+5.6%), Spain (+4.1%), Denmark (+3.8%), France (+1.8%) and Belgium (+1.4%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +38.5% from 2012-2022. By contrast, the UK (-2.5%) and the Netherlands (-6.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden, Poland, Italy and Russia increased by +5.6, +3.3, +1.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest invalid carriage supplier in Europe, comprising 35% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 9.2% share.

In Germany, invalid carriage exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (+5.6% per year) and the Netherlands (-0.6% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, picking up by 5.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 11%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.2%), while the other leaders experienced more modest paces of growth.

Invalid Carriage Imports

Imports in Europe

In 2022, overseas purchases of invalid carriages not mechanically propelled increased by 13% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 18%. Over the period under review, imports attained the maximum at X units in 2018; afterwards, it flattened through to 2022.

In value terms, invalid carriage imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units) and the UK (X units) represented roughly 38% of total imports in 2022. Italy (X units) ranks next in terms of the total imports with an 8.8% share, followed by Spain (8.3%), France (8.2%), Russia (5.8%), the Netherlands (5.6%) and Poland (4.7%). Belgium (X units), Denmark (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 42% of total imports. Italy, Russia, Spain, Belgium, the Netherlands, Poland, Austria and Denmark lagged somewhat behind, together comprising a further 40%.

In terms of the main importing countries, Poland, with a CAGR of +13.8%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Europe amounted to $X per unit, with a decrease of -4.8% against the previous year. Over the period under review, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 10% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform