Central Asia: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in Central Asia

The Central Asian motor vehicle radiator market surged to $X in 2022, increasing by 49% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Motor Vehicle Radiator Production in Central Asia

In value terms, motor vehicle radiator production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a tangible increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 825% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports in Central Asia

Motor vehicle radiator exports contracted sharply to X units in 2022, waning by -28.8% compared with 2021 figures. Overall, exports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2015 when exports increased by 7,551% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle radiator exports contracted remarkably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 8,639% against the previous year. The level of export peaked at $X in 2021, and then shrank notably in the following year.

Exports by Country

In 2022, Kyrgyzstan (X units) represented the key exporter of radiators for motor vehicles, generating 85% of total exports. It was distantly followed by Kazakhstan (X units), creating a 13% share of total exports.

Exports from Kyrgyzstan increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, Kazakhstan (+47.9%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +47.9% from 2012-2022. Kazakhstan (+13 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -14.7% from 2012 to 2022, respectively.

In value terms, Kyrgyzstan ($X) remains the largest motor vehicle radiator supplier in Central Asia, comprising 89% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 6.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kyrgyzstan was relatively modest.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, declining by -33% against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-2.4%).

Motor Vehicle Radiator Imports

Imports in Central Asia

Motor vehicle radiator imports soared to X units in 2022, increasing by 53% against the previous year's figure. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 62%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, motor vehicle radiator imports surged to $X in 2022. Overall, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan was the main importing country with an import of about X units, which accounted for 53% of total imports. Kyrgyzstan (X units) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (21%). The following importers - Turkmenistan (X units) and Mongolia (X units) - each reached a 3.7% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to motor vehicle radiator imports into Kazakhstan stood at +3.4%. At the same time, Uzbekistan (+24.7%), Kyrgyzstan (+9.7%), Mongolia (+7.1%) and Turkmenistan (+1.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +24.7% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by +21 and +4.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported radiators for motor vehicles in Central Asia, comprising 53% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 21% share of total imports. It was followed by Uzbekistan, with a 20% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +4.5%. In the other countries, the average annual rates were as follows: Kyrgyzstan (+23.8% per year) and Uzbekistan (+46.1% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, picking up by 8.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 when the import price increased by 34% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform