Store → Transport Equipment → Bicycles And Invalid Carriages → Invalid Carriages Motorised Or Mechanically Propelled

Latest Report Update: Nov 8, 2022

Hong Kong SAR, China - Invalid Carriages Motorised or Mechanically Propelled - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$499 Basic Edition $1995 Professional Edition

What's the difference?

Hong Kong SAR, China: Motorised Invalid Carriage Market 2022

Motorised Invalid Carriage Market Size in Hong Kong SAR, China

The Hong Kong motorised invalid carriage market skyrocketed to $X in 2021, jumping by 158% against the previous year. Overall, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Motorised Invalid Carriage Production in Hong Kong SAR, China

In value terms, motorised invalid carriage production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 121% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Motorised Invalid Carriage Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of invalid carriages motorised or mechanically propelled decreased by -41.1% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 336%. Over the period under review, the exports attained the maximum at X units in 2020, and then contracted rapidly in the following year.

In value terms, motorised invalid carriage exports fell markedly to $X in 2021. Overall, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 188% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for motorised invalid carriage exports from Hong Kong SAR, accounting for a 62% share of total exports. Moreover, motorised invalid carriage exports to the UK exceeded the volume sent to the second major destination, China (X units), fourfold. The United States (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +124.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+12.8% per year) and the United States (+1.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for motorised invalid carriage exports from Hong Kong SAR, comprising 59% of total exports. The second position in the ranking was held by China ($X), with a 19% share of total exports. It was followed by the United States, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +98.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+22.9% per year) and the United States (-9.9% per year).

Export Prices by Country

In 2021, the average motorised invalid carriage export price amounted to $X per unit, with an increase of 13% against the previous year. Overall, the export price, however, saw a noticeable contraction. The growth pace was the most rapid in 2014 an increase of 108% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to the United States ($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 Japan (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

Motorised Invalid Carriage Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of invalid carriages motorised or mechanically propelled were imported into Hong Kong SAR; jumping by 291% against the year before. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorised invalid carriage imports soared to $X in 2021. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorised invalid carriage to Hong Kong SAR, accounting for a 85% share of total imports. Moreover, motorised invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+15.0% per year) and Germany (-0.1% per year).

In value terms, China ($X) constituted the largest supplier of motorised invalid carriage to Hong Kong SAR, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.2% per year) and Taiwan (Chinese) (+21.6% per year).

Import Prices by Country

In 2021, the average motorised invalid carriage import price amounted to $X per unit, which is down by -50.8% against the previous year. In general, the import price recorded a perceptible setback. The pace of growth was the most pronounced in 2020 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for invalid carriages motorised or mechanically propelled in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 44% share of global consumption. These countries were followed by the UK, Japan, Russia, Canada, France, Taiwan Chinese), Australia, Saudi Arabia, Belgium and Singapore, which together accounted for a further 30%.

What are the largest producers of invalid carriages motorised or mechanically propelled in the world?

The country with the largest volume of motorised invalid carriage production was China, accounting for 50% of total volume. Moreover, motorised invalid carriage production in China exceeded the figures recorded by the second-largest producer, India, fivefold. Taiwan Chinese) ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of invalid carriages motorised or mechanically propelled to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of motorised invalid carriage to Hong Kong SAR, comprising 55% of total imports. The second position in the ranking was taken by Germany, with a 17% share of total imports. It was followed by Taiwan Chinese), with a 9.5% share.

What are the leading importers of invalid carriages motorised or mechanically propelled from Hong Kong SAR, China?

In value terms, the UK emerged as the key foreign market for motorised invalid carriage exports from Hong Kong SAR, comprising 59% of total exports. The second position in the ranking was taken by China, with a 19% share of total exports. It was followed by the United States, with a 7.6% share.

What is the average export price for invalid carriages motorised or mechanically propelled in Hong Kong SAR, China?

The average motorised invalid carriage export price stood at $492 per unit in 2021, rising by 13% against the previous year.

What is the average import price for invalid carriages motorised or mechanically propelled in Hong Kong SAR, China?

The average motorised invalid carriage import price stood at $695 per unit in 2021, shrinking by -50.8% against the previous year.

This report provides an in-depth analysis of the motorised invalid carriage market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 30922090 - Invalid carriages motorised or mechanically propelled

Country coverage:

• Hong Kong SAR

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Hong Kong SAR, China

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance