India: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in India

The Indian motorised invalid carriage market soared to $X in 2021, picking up by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 -19.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Exports

Exports from India

In 2021, overseas shipments of invalid carriages motorised or mechanically propelled decreased by -44.5% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,678% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, motorised invalid carriage exports fell notably to $X in 2021. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 399% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for motorised invalid carriage exports from India, accounting for a 86% share of total exports. Moreover, motorised invalid carriage exports to the United States exceeded the volume sent to the second major destination, Nepal (X units), more than tenfold. The third position in this ranking was taken by Syrian Arab Republic (X units), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +70.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+3.8% per year) and Syrian Arab Republic (-37.7% per year).

In value terms, the United States ($X) remains the key foreign market for invalid carriages motorised or mechanically propelled exports from India, comprising 70% of total exports. The second position in the ranking was held by Nepal ($X), with a 9.1% share of total exports. It was followed by Syrian Arab Republic, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +85.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+8.0% per year) and Syrian Arab Republic (-29.1% per year).

Export Prices by Country

In 2021, the average motorised invalid carriage export price amounted to $X per unit, with a decrease of -33.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 108% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($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 (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into India

In 2021, approx. X units of invalid carriages motorised or mechanically propelled were imported into India; picking up by 34% on 2020. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 40%. Imports peaked 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. Overall, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.8% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 28% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main motorised invalid carriage supplier to India, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.5%.

In value terms, China ($X) constituted the largest supplier of invalid carriages motorised or mechanically propelled to India.

From 2012 to 2021, the average annual growth rate of value from China totaled +3.2%.

Import Prices by Country

The average motorised invalid carriage import price stood at $X per unit in 2021, which is down by -5% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 6.5% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.3% per year.

Source: IndexBox Platform

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