Global Invalid Carriage Market 2024

Invalid Carriage Market Size

The global invalid carriage market dropped slightly to $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Invalid Carriage Production

In value terms, invalid carriage production reduced to $X in 2023 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Global production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Invalid Carriage Exports

Exports

In 2023, shipments abroad of invalid carriages not mechanically propelled decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The global exports peaked at X units in 2022, and then dropped in the following year.

In value terms, invalid carriage exports dropped slightly to $X in 2023. Over the period under review, total exports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked at $X in 2022, and then dropped modestly in the following year.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2023. India (X units) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to invalid carriage exports from China stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. China (X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest invalid carriage supplier worldwide, comprising X% of global exports. The second position in the ranking was held by India ($X), with a X% share of global exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

The average invalid carriage export price stood at $X per unit in 2023, approximately reflecting the previous year. Overall, the export price showed a slight decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while China amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Invalid Carriage Imports

Imports

In 2023, after two years of growth, there was significant decline in purchases abroad of invalid carriages not mechanically propelled, when their volume decreased by X% to X units. Over the period under review, total imports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked at X units in 2022, and then reduced in the following year.

In value terms, invalid carriage imports fell to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, the United States (X units) was the largest importer of invalid carriages not mechanically propelled, creating X% of total imports. The UK (X units) ranks second in terms of the total imports with a X% share, followed by Germany (X%). Mexico (X units), Egypt (X units), Malaysia (X units), Japan (X units), France (X units), Indonesia (X units), Brazil (X units), India (X units), Italy (X units) and Spain (X units) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, Brazil (X%), Malaysia (X%), Egypt (X%), India (X%), Indonesia (X%), Spain (X%), Mexico (X%), Germany (X%), the UK (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Egypt (X p.p.), Malaysia (X p.p.) and Brazil (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of the United States (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported invalid carriages not mechanically propelled worldwide, comprising X% of global imports. The second position in the ranking was held by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the United States, invalid carriage imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and Germany (X% per year).

Import Prices by Country

The average invalid carriage import price stood at $X per unit in 2023, stabilizing at the previous year. In general, the import price, however, showed a mild slump. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform