U.S.: Invalid Carriage Market 2024

Invalid Carriage Market Size in the U.S.

In 2022, the U.S. invalid carriage market increased by 25% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a prominent expansion. Invalid carriage consumption peaked in 2022 and is expected to retain growth in the immediate term.

Invalid Carriage Production in the U.S.

In value terms, invalid carriage production expanded significantly to $X in 2022. In general, production continues to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 2,955% against the previous year. Invalid carriage production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Invalid Carriage Exports

Exports from the U.S.

Invalid carriage exports from the United States surged to X units in 2022, jumping by 16% on the previous year. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 29%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, invalid carriage exports reached $X in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 15% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Canada (X units) was the main destination for invalid carriage exports from the United States, with a 53% share of total exports. Moreover, invalid carriage exports to Canada exceeded the volume sent to the second major destination, Australia (X units), ninefold. The third position in this ranking was held by Mexico (X units), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+9.7% per year) and Mexico (+14.6% per year).

In value terms, Canada ($X) remains the key foreign market for invalid carriages not mechanically propelled exports from the United States, comprising 46% of total exports. The second position in the ranking was taken by Australia ($X), with a 14% share of total exports. It was followed by Argentina, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+13.4% per year) and Argentina (+27.7% per year).

Export Prices by Country

In 2022, the average invalid carriage export price amounted to $X per unit, falling by -5.7% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 23%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Invalid Carriage Imports

Imports into the U.S.

Invalid carriage imports into the United States soared to X units in 2022, jumping by 37% on 2021 figures. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, invalid carriage imports soared to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main invalid carriage supplier to the United States, with a 92% share of total imports. Moreover, invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +9.9%.

In value terms, China ($X) constituted the largest supplier of invalid carriages not mechanically propelled to the United States, comprising 65% of total imports. The second position in the ranking was taken by Mexico ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.9%.

Import Prices by Country

In 2022, the average invalid carriage import price amounted to $X per unit, which is down by -3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 8.3% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.2%).

Source: IndexBox Platform

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