ASEAN: Invalid Carriage Market 2024

Invalid Carriage Market Size in ASEAN

The ASEAN invalid carriage market amounted to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Invalid Carriage Production in ASEAN

In value terms, invalid carriage production totaled $X in 2022 estimated in export price. In general, production, however, showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Invalid Carriage Exports

Exports in ASEAN

In 2022, overseas shipments of invalid carriages not mechanically propelled increased by X% to X units, rising for the fifth consecutive year after two years of decline. In general, exports showed strong growth. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, invalid carriage exports fell slightly to $X in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Vietnam was the major exporter of invalid carriages not mechanically propelled in ASEAN, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. Thailand (X units) held the second position in the ranking, followed by Malaysia (X units). All these countries together took approx. X% share of total exports. Indonesia (X units) held a relatively small share of total exports.

Vietnam was also the fastest-growing in terms of the invalid carriages not mechanically propelled exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest invalid carriage supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, shrinking by X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, invalid carriage export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Invalid Carriage Imports

Imports in ASEAN

In 2022, the amount of invalid carriages not mechanically propelled imported in ASEAN skyrocketed to X units, rising by X% against the year before. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, invalid carriage imports surged to $X in 2022. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia represented the key importer of invalid carriages not mechanically propelled in ASEAN, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by the Philippines (X units), Indonesia (X units), Thailand (X units) and Singapore (X units), together constituting a X% share of total imports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest invalid carriage importing markets in ASEAN were Malaysia ($X), Vietnam ($X) and Indonesia ($X), together comprising X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw 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 ASEAN stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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