Northern America: Invalid Carriage Market 2023

Invalid Carriage Market Size in Northern America

After two years of decline, the North American invalid carriage market increased by 8.3% to $X in 2021. The total consumption indicated a buoyant increase 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. Based on 2021 figures, consumption decreased by -8.4% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Invalid Carriage Production in Northern America

In value terms, invalid carriage production dropped to $X in 2021 estimated in export price. Overall, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 95% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Invalid Carriage Exports

Exports in Northern America

In 2021, the amount of invalid carriages not mechanically propelled exported in Northern America totaled X units, standing approx. at the previous year's figure. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, invalid carriage exports dropped modestly 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-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.9% against 2012 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 16% against the previous year. The level of export peaked at $X in 2020, and then dropped slightly in the following year.

Exports by Country

The United States was the key exporter of invalid carriages not mechanically propelled in Northern America, with the volume of exports reaching X units, which was approx. 69% of total exports in 2021. It was distantly followed by Canada (X units), making up a 31% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to invalid carriage exports from the United States stood at +7.1%. At the same time, Canada (+14.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +14.4% from 2012-2021. While the share of Canada (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-11.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2021.

Canada, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, reducing by -3.2% against the previous year. Overall, the export price saw a slight setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 18%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.1%).

Invalid Carriage Imports

Imports in Northern America

In 2021, invalid carriage imports in Northern America surged to X units, growing by 21% on 2020. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern 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 soared to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, finishing at X units, which was approx. 94% of total imports in 2021. It was distantly followed by Canada (X units), achieving a 5.8% share of total imports.

The United States was also the fastest-growing in terms of the invalid carriages not mechanically propelled imports, with a CAGR of +4.4% from 2012 to 2021. Canada (-1.7%) illustrated a downward trend over the same period. While the share of the United States (+3.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-3.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported invalid carriages not mechanically propelled in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +3.9%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, remaining constant against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 8.4%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.2%).

Source: IndexBox Market Intelligence Platform

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