New Zealand: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in New Zealand

The New Zealand motorised invalid carriage market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value 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, consumption decreased by -8.3% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Exports

Exports from New Zealand

In 2021, exports of invalid carriages motorised or mechanically propelled from New Zealand skyrocketed to X units, with an increase of 360% against 2020. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorised invalid carriage exports soared to $X in 2021. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X units) was the main destination for motorised invalid carriage exports from New Zealand, accounting for a 73% share of total exports. Moreover, motorised invalid carriage exports to Australia exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was taken by Singapore (X units), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.8% per year) and Singapore (+68.5% per year).

In value terms, the largest markets for motorised invalid carriage exported from New Zealand were the United States ($X), Australia ($X) and the UK ($X), with a combined 92% share of total exports. These countries were followed by Singapore, which accounted for a further 2.7%.

Singapore, with a CAGR of +86.6%, saw the highest rates of growth with regard to the value of exports, among 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, rising by 16% against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2016 an increase of 123%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia ($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 the United States (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into New Zealand

In 2021, the amount of invalid carriages motorised or mechanically propelled imported into New Zealand soared to X units, surging by 40% compared with 2020. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 47%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, motorised invalid carriage imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 47%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorised invalid carriage to New Zealand, accounting for a 53% share of total imports. Moreover, motorised invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The third position in this ranking was held by the United States (X units), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.7% per year) and the United States (-1.1% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) were the largest motorised invalid carriage suppliers to New Zealand, with a combined 68% share of total imports. These countries were followed by Australia, Germany and Denmark, which together accounted for a further 22%.

Australia, with a CAGR of +16.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average motorised invalid carriage import price amounted to $X per unit, shrinking by -6.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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