Latin America and the Caribbean: Motorised Invalid Carriage Market 2025

Motorised Invalid Carriage Market Size in Latin America and the Caribbean

In 2021, the Latin American motorised invalid carriage market decreased by -2% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Motorised Invalid Carriage Production in Latin America and the Caribbean

In value terms, motorised invalid carriage production dropped dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 53% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Motorised Invalid Carriage Exports

Exports in Latin America and the Caribbean

In 2021, exports of invalid carriages motorised or mechanically propelled in Latin America and the Caribbean soared to X units, rising by 53% compared with the year before. Overall, exports, however, continue to indicate a noticeable decrease. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, motorised invalid carriage exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2016 with an increase of 67%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Bolivia (X units), Uruguay (X units), Panama (X units) and Mexico (X units), together finishing at 79% of total export. It was distantly followed by Brazil (X units), constituting a 6.3% share of total exports. Argentina (X units), Honduras (X units) and Costa Rica (X units) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uruguay (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest motorised invalid carriage supplying countries in Latin America and the Caribbean were Bolivia ($X), Mexico ($X) and Uruguay ($X), together comprising 78% of total exports.

Bolivia, with a CAGR of +111.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, with a decrease of -1.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 24%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Honduras ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.1%), while the other leaders experienced mixed trends in the export price figures.

Motorised Invalid Carriage Imports

Imports in Latin America and the Caribbean

In 2021, approx. X units of invalid carriages motorised or mechanically propelled were imported in Latin America and the Caribbean; rising by 45% on the previous year's figure. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 65%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, motorised invalid carriage imports reduced to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X units) and Mexico (X units) represented the largest importers of invalid carriages motorised or mechanically propelled in Latin America and the Caribbean, together committing 53% of total imports. It was distantly followed by Brazil (X units), Bolivia (X units) and Colombia (X units), together achieving a 28% share of total imports. The following importers - Guyana (X units) and Panama (X units) - together made up 6.6% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Panama (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported invalid carriages motorised or mechanically propelled in Latin America and the Caribbean, comprising 28% of total imports. The second position in the ranking was held by Chile ($X), with a 13% share of total imports. It was followed by Mexico, with a 10% share.

In Brazil, motorised invalid carriage imports increased at an average annual rate of +10.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+4.3% per year) and Mexico (-0.2% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, shrinking by -32.3% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the import price increased by 44%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :