United Kingdom: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in the UK

In 2021, the UK motorised invalid carriage market decreased by -2.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Production in the UK

In value terms, motorised invalid carriage production rose to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.4% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 56%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Motorised Invalid Carriage Exports

Exports from the UK

In 2021, the amount of invalid carriages motorised or mechanically propelled exported from the UK soared to X units, growing by 64% against 2020 figures. In general, exports recorded a prominent increase. 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 surged to $X in 2021. Overall, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of motorised invalid carriage exports from the UK, together comprising 61% of total exports. Ireland, Poland, Spain, Denmark, Germany, Australia, Italy and Saudi Arabia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +59.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Ireland ($X) constituted the largest markets for motorised invalid carriage exported from the UK worldwide, with a combined 55% share of total exports. The Netherlands, Italy, Germany, Denmark, Spain, Poland, Australia and Saudi Arabia lagged somewhat behind, together comprising a further 34%.

Denmark, with a CAGR of +50.2%, recorded 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, shrinking by -3.6% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($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 Denmark (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into the UK

In 2021, the amount of invalid carriages motorised or mechanically propelled imported into the UK dropped to X units, declining by -7.7% against 2020 figures. Overall, imports saw a slight descent. The pace of growth appeared the most rapid in 2014 when imports increased by 19%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, motorised invalid carriage imports skyrocketed to $X in 2021. In general, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorised invalid carriage to the UK, with a 66% share of total imports. Moreover, motorised invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was held by Germany (X units), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.9% per year) and Germany (-2.4% per year).

In value terms, China ($X) constituted the largest supplier of invalid carriages motorised or mechanically propelled to the UK, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 17% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and Taiwan (Chinese) (-0.5% per year).

Import Prices by Country

In 2021, the average motorised invalid carriage import price amounted to $X per unit, picking up by 47% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% 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 +78.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($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 (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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