ASEAN: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in ASEAN

The ASEAN motor vehicle radiator market expanded rapidly to $X in 2022, surging by 7.7% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Motor Vehicle Radiator Production in ASEAN

In value terms, motor vehicle radiator production fell to $X in 2022 estimated in export price. Over the period under review, production showed a mild slump. The pace of growth appeared the most rapid in 2013 with an increase of 18%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Motor Vehicle Radiator Exports

Exports in ASEAN

In 2022, the amount of radiators for motor vehicles exported in ASEAN amounted to X units, growing by 4.7% compared with the previous year's figure. Overall, exports, however, showed a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 26%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, motor vehicle radiator exports rose slightly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) and Thailand (X units) dominates exports structure, together committing 88% of total exports. Malaysia (X units), Cambodia (X units), Myanmar (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +106.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle radiator supplying countries in ASEAN were Thailand ($X), Indonesia ($X) and Singapore ($X), with a combined 92% share of total exports. Malaysia, Myanmar and Cambodia lagged somewhat behind, together comprising a further 6.7%.

In terms of the main exporting countries, Myanmar, with a CAGR of +130.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, dropping by -1.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 11% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+11.7%), while the other leaders experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports in ASEAN

In 2022, overseas purchases of radiators for motor vehicles increased by 32% to X units, rising for the second consecutive year after two years of decline. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle radiator imports surged to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Thailand (X units) and Indonesia (X units) represented the major importers of radiators for motor vehicles in 2022, resulting at near 41% and 29% of total imports, respectively. Malaysia (X units) took the next position in the ranking, followed by Vietnam (X units) and Myanmar (X units). All these countries together took approx. 25% share of total imports. The following importers - Singapore (X units) and the Philippines (X units) - each accounted for a 3.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising 79% of total imports. Malaysia, Singapore, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 20%.

Myanmar, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, waning by -7.2% against the previous year. Over the period under review, the import price saw a slight decrease. The growth pace was the most rapid in 2021 when the import price increased by 13%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+22.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform