Italy: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Italy

In 2021, the Italian motorised invalid carriage market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Motorised invalid carriage consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Motorised Invalid Carriage Production in Italy

In value terms, motorised invalid carriage production soared to $X in 2021 estimated in export price. Overall, production showed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Motorised Invalid Carriage Exports

Exports from Italy

In 2021, overseas shipments of invalid carriages motorised or mechanically propelled decreased by -0.8% to X units, falling for the third year in a row after two years of growth. Overall, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 48% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, motorised invalid carriage exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X units), the UK (X units) and Germany (X units) were the main destinations of motorised invalid carriage exports from Italy, together accounting for 34% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +52.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) appeared to be the largest markets for motorised invalid carriage exported from Italy worldwide, together comprising 33% of total exports. The UK, Poland, the Czech Republic, Austria, Norway, Slovakia, Bulgaria, Romania, Israel and Switzerland lagged somewhat behind, together comprising a further 38%.

The UK, with a CAGR of +47.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average motorised invalid carriage export price amounted to $X per unit, increasing by 6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Israel ($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 (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into Italy

After two years of decline, overseas purchases of invalid carriages motorised or mechanically propelled increased by 23% to X units in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 40%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, motorised invalid carriage imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorised invalid carriage to Italy, with a 56% share of total imports. Moreover, motorised invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was held by the Netherlands (X units), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.2% per year) and the Netherlands (+18.8% per year).

In value terms, China ($X), Germany ($X) and the Netherlands ($X) constituted the largest motorised invalid carriage suppliers to Italy, with a combined 62% share of total imports.

In terms of the main suppliers, China, with a CAGR of +19.2%, 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 motorised invalid carriage import price stood at $X per unit in 2021, growing by 18% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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