Norway: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Norway

After two years of growth, the Norwegian motorised invalid carriage market decreased by -16.7% to $X in 2021. Overall, consumption, however, enjoyed a resilient increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Motorised Invalid Carriage Production in Norway

In value terms, motorised invalid carriage production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 45% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Motorised Invalid Carriage Exports

Exports from Norway

After two years of decline, overseas shipments of invalid carriages motorised or mechanically propelled increased by 43% to X units in 2021. In general, exports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 90%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of 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, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 125% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units) was the main destination for motorised invalid carriage exports from Norway, accounting for a 38% share of total exports. Moreover, motorised invalid carriage exports to Hungary exceeded the volume sent to the second major destination, Sweden (X units), twofold. Germany (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary totaled +113.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+14.6% per year) and Germany (-22.8% per year).

In value terms, the largest markets for motorised invalid carriage exported from Norway were Denmark ($X), Germany ($X) and Sweden ($X), together comprising 64% of total exports. These countries were followed by the UK, France, Hungary, Iceland, Ireland, Albania, the Netherlands and Gibraltar, which together accounted for a further 25%.

In terms of the main countries of destination, Iceland, with a CAGR of +410.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorised invalid carriage export price stood at $X per unit in 2021, with a decrease of -11.1% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($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 Albania (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into Norway

In 2021, imports of invalid carriages motorised or mechanically propelled into Norway expanded significantly to X units, growing by 8.6% against 2020 figures. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +11.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.7% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 54%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, motorised invalid carriage imports expanded rapidly to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 -7.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the Netherlands (X units) and Denmark (X units) were the main suppliers of motorised invalid carriage imports to Norway, with a combined 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +40.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Germany ($X) constituted the largest motorised invalid carriage suppliers to Norway, together accounting for 67% of total imports. The Netherlands, Taiwan (Chinese), China and the United States lagged somewhat behind, together accounting for a further 30%.

China, with a CAGR of +47.0%, saw the highest growth rate of 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

The average motorised invalid carriage import price stood at $X per unit in 2021, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($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 (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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