Germany: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Germany

The German motor vehicle radiator market surged to $X in 2022, increasing by 19% against the previous year. Over the period under review, consumption recorded strong growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Motor Vehicle Radiator Production in Germany

In value terms, motor vehicle radiator production declined to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Motor Vehicle Radiator Exports

Exports from Germany

In 2022, shipments abroad of radiators for motor vehicles increased by 8.2% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle radiator exports totaled $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X units), the Netherlands (X units) and China (X units) were the main destinations of motor vehicle radiator exports from Germany, with a combined 30% share of total exports. The United States, Poland, France, Hungary, the UK, Brazil, Turkey, Spain, Austria and Italy lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +16.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the UK ($X) constituted the largest markets for motor vehicle radiator exported from Germany worldwide, together comprising 32% of total exports. The Czech Republic, France, the Netherlands, Poland, Austria, Hungary, Spain, Brazil, Italy and Turkey lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Hungary, with a CAGR of +13.6%, recorded the highest growth rate of 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 average motor vehicle radiator export price amounted to $X per unit, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 9.6%. The export price peaked at $X per unit in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Germany

In 2022, supplies from abroad of radiators for motor vehicles increased by 21% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle radiator imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 18%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Poland (X units), the Czech Republic (X units) and Spain (X units) were the main suppliers of motor vehicle radiator imports to Germany, together accounting for 61% of total imports. China, Italy, Hungary, Slovakia, Bulgaria, France, Portugal, Turkey, the Netherlands and Austria lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +51.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Spain ($X) were the largest motor vehicle radiator suppliers to Germany, with a combined 54% share of total imports. China, Slovakia, Italy, Hungary, France, the Netherlands, Bulgaria, Turkey, Austria and Portugal lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Bulgaria, with a CAGR of +56.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, declining by -8.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 6.2%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform