Sweden: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Sweden

In 2021, after three years of decline, there was significant growth in the Swedish motorised invalid carriage market, when its value increased by 237% to $X. Overall, consumption enjoyed a strong increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Production in Sweden

In value terms, motorised invalid carriage production dropped to $X in 2021 estimated in export price. In general, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Motorised Invalid Carriage Exports

Exports from Sweden

In 2021, shipments abroad of invalid carriages motorised or mechanically propelled was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a perceptible decline. The growth pace was the most rapid in 2018 with an increase of 28%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, motorised invalid carriage exports dropped modestly to $X in 2021. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 12%. 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

Norway (X units) was the main destination for motorised invalid carriage exports from Sweden, with a 35% share of total exports. Moreover, motorised invalid carriage exports to Norway exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was held by Germany (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.2% per year) and Germany (+0.0% per year).

In value terms, Norway ($X) remains the key foreign market for invalid carriages motorised or mechanically propelled exports from Sweden, comprising 39% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.7% per year) and Germany (-8.0% per year).

Export Prices by Country

In 2021, the average motorised invalid carriage export price amounted to $X per unit, declining by -14.7% against the previous year. Overall, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 36%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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 United Arab Emirates ($X per unit), while the average price for exports to the United States ($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 Arab Emirates (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into Sweden

For the fourth year in a row, Sweden recorded decline in supplies from abroad of invalid carriages motorised or mechanically propelled, which decreased by -2.6% to X units in 2021. Overall, imports recorded a mild downturn. The growth pace was the most rapid in 2017 with an increase of 209%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, motorised invalid carriage imports stood at $X in 2021. Over the period under review, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% 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 2017 with an increase of 46% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorised invalid carriage to Sweden, with a 62% share of total imports. Moreover, motorised invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Norway (X units), fourfold. The third position in this ranking was taken by Germany (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-2.9% per year) and Germany (-3.1% per year).

In value terms, the largest motorised invalid carriage suppliers to Sweden were China ($X), Germany ($X) and the Netherlands ($X), together accounting for 84% of total imports.

In terms of the main suppliers, China, with a CAGR of +18.0%, saw the highest rates of growth with regard to 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 11% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorised invalid carriage import price increased by +72.9% against 2017 indices. The growth pace was the most rapid in 2016 when the average import price increased by 55%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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