South-Eastern Asia: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian motorised invalid carriage market increased by 15% to $X in 2021. In general, consumption, however, saw a slight downturn. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Motorised Invalid Carriage Production in South-Eastern Asia

In value terms, motorised invalid carriage production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 29%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Motorised Invalid Carriage Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of invalid carriages motorised or mechanically propelled increased by 86% to X units, rising for the second year in a row after three years of decline. Overall, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 90%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, motorised invalid carriage exports rose markedly to $X in 2021. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 44%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the key exporting country with an export of around X units, which resulted at 65% of total exports. It was distantly followed by Vietnam (X units), committing a 32% share of total exports. Singapore (X units) took a minor share of total exports.

Thailand was also the fastest-growing in terms of the invalid carriages motorised or mechanically propelled exports, with a CAGR of +22.3% from 2012 to 2021. At the same time, Vietnam (+2.1%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. Thailand (+39 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Vietnam saw its share reduced by -4.6% and -32.9% from 2012 to 2021, respectively.

In value terms, the largest motorised invalid carriage supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Singapore ($X), with a combined 98% share of total exports.

Thailand, with a CAGR of +10.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, declining by -39.2% against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 91%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the other leaders experienced a decline in the export price figures.

Motorised Invalid Carriage Imports

Imports in South-Eastern Asia

Motorised invalid carriage imports soared to X units in 2021, growing by 73% against the previous year. Over the period under review, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorised invalid carriage imports soared to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Singapore (X units), distantly followed by the Philippines (X units), Malaysia (X units), Indonesia (X units) and Thailand (X units) were the key importers of invalid carriages motorised or mechanically propelled, together making up 95% of total imports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, with a combined 76% share of total imports.

Among the main importing countries, Indonesia, with a CAGR of +11.7%, 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 import price in South-Eastern Asia stood at $X per unit in 2021, reducing by -18.8% against the previous year. In general, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2016 when the import price increased by 31%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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