Southern Asia: Wheelchair Market 2024

Wheelchair Market Size in Southern Asia

The South Asian wheelchair market expanded modestly to $X in 2023, surging by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Wheelchair Production in Southern Asia

In value terms, wheelchair production reached $X in 2023 estimated in export price. The total production indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. 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 pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Wheelchair Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas shipments of wheelchairs, which increased by X% to X units in 2023. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the near future.

In value terms, wheelchair exports expanded markedly to $X in 2023. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from India (X units), together finishing at X% of total export.

India was also the fastest-growing in terms of the wheelchairs exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest wheelchair supplier in Southern Asia.

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

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the export price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Wheelchair Imports

Imports in Southern Asia

In 2023, the amount of wheelchairs imported in Southern Asia expanded to X units, increasing by X% against the previous year's figure. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, wheelchair imports amounted to $X in 2023. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

India represented the main importer of wheelchairs in Southern Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2023. Pakistan (X units) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%) and Nepal (X%). Sri Lanka (X units) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to wheelchair imports into India stood at X%. At the same time, Nepal (X%), Sri Lanka (X%), Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of Nepal (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported wheelchairs in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 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 Bangladesh ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform