GCC: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in GCC

In 2022, after two years of growth, there was decline in the GCC motor vehicle radiator market, when its value decreased by -5% to $X. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Motor Vehicle Radiator Production in GCC

In value terms, motor vehicle radiator production expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a modest increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 107% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports in GCC

In 2022, overseas shipments of radiators for motor vehicles were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 64%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, motor vehicle radiator exports declined to $X in 2022. Overall, exports saw noticeable growth. The pace of growth was the most pronounced in 2015 when exports increased by 80% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the main exporter of radiators for motor vehicles in GCC, generating 96% of total export.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of radiators for motor vehicles. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest motor vehicle radiator supplier in GCC.

In the United Arab Emirates, motor vehicle radiator exports expanded at an average annual rate of +1.8% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, which is down by -12.6% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle radiator export price increased by +12.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 54%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, 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 the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.2% per year.

Motor Vehicle Radiator Imports

Imports in GCC

In 2022, approx. X units of radiators for motor vehicles were imported in GCC; which is down by -10.9% against the previous year. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +56.5% against 2014 indices. The growth pace was the most rapid in 2019 when imports increased by 34%. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, motor vehicle radiator imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 28%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importer of radiators for motor vehicles in GCC, with the volume of imports resulting at X units, which was approx. 79% of total imports in 2022. Oman (X units) held the second position in the ranking, followed by Kuwait (X units). All these countries together held approx. 17% share of total imports. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to motor vehicle radiator imports into the United Arab Emirates stood at +4.9%. At the same time, Oman (+7.1%) and Bahrain (+1.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +7.1% from 2012-2022. By contrast, Kuwait (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Oman increased by +4.5 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported radiators for motor vehicles in GCC, comprising 45% of total imports. The second position in the ranking was held by Oman ($X), with a 6.9% share of total imports. It was followed by Kuwait, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +4.5%. In the other countries, the average annual rates were as follows: Oman (+3.1% per year) and Kuwait (+0.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 when the import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

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 Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform