Asia-Pacific: Invalid Carriage Market 2023

Invalid Carriage Market Size in Asia-Pacific

The Asia-Pacific invalid carriage market fell modestly to $X in 2021, with a decrease of -1.8% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.4% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Invalid Carriage Production in Asia-Pacific

In value terms, invalid carriage production expanded to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 41%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Invalid Carriage Exports

Exports in Asia-Pacific

In 2021, the amount of invalid carriages not mechanically propelled exported in Asia-Pacific soared to X units, growing by 27% against 2020. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 587% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, invalid carriage exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 96% of total exports in 2021. India (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +6.5% from 2012 to 2021. At the same time, India (+12.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +12.3% from 2012-2021. While the share of China (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest invalid carriage supplier in Asia-Pacific, comprising 93% of total exports. The second position in the ranking was taken by India ($X), with a 3.7% share of total exports.

In China, invalid carriage exports expanded at an average annual rate of +7.7% over the period from 2012-2021.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, increasing by 12% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 212%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%).

Invalid Carriage Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of invalid carriages not mechanically propelled was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, invalid carriage imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units), distantly followed by India (X units), Malaysia (X units), Indonesia (X units), Australia (X units), the Philippines (X units) and Vietnam (X units) were the major importers of invalid carriages not mechanically propelled, together mixing up 72% of total imports. The following importers - South Korea (X units), Pakistan (X units), Taiwan (Chinese) (X units), Thailand (X units), Hong Kong SAR (X units) and Bangladesh (X units) - together made up 22% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported invalid carriages not mechanically propelled in Asia-Pacific, comprising 43% of total imports. The second position in the ranking was held by Australia ($X), with a 15% share of total imports. It was followed by India, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+10.1% per year) and India (+17.8% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, dropping by -3.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 13%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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