Iran: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in Iran

The Iranian motor vehicle radiator market amounted to $X in 2022, with an increase of 2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Motor Vehicle Radiator Exports

Exports from Iran

In 2022, approx. X units of radiators for motor vehicles were exported from Iran; with a decrease of -4.3% compared with the previous year's figure. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle radiator exports shrank to $X in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 35% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units), Turkey (X units) and Azerbaijan (X units) were the main destinations of motor vehicle radiator exports from Iran, together accounting for 55% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +78.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for radiators for motor vehicles exports from Iran, comprising 31% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 13% share of total exports. It was followed by Kazakhstan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +81.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+17.6% per year) and Kazakhstan (+15.6% per year).

Export Prices by Country

The average motor vehicle radiator export price stood at $X per unit in 2022, reducing by -7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2015 an increase of 27%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Uzbekistan ($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 Saudi Arabia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Iran

In 2022, the amount of radiators for motor vehicles imported into Iran rose notably to X units, increasing by 6.1% compared with the year before. Over the period under review, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 85% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, motor vehicle radiator imports declined modestly to $X in 2022. Overall, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 68%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motor vehicle radiator to Iran, with a 84% share of total imports. Moreover, motor vehicle radiator imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+18.6% per year) and Belgium (+14.7% per year).

In value terms, China ($X) constituted the largest supplier of radiators for motor vehicles to Iran, comprising 64% of total imports. The second position in the ranking was taken by Turkey ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.5% per year) and Belgium (+0.2% per year).

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, falling by -6.4% against the previous year. In general, the import price continues to indicate a mild slump. The growth pace was the most rapid in 2014 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Turkey ($X per unit), while the price for China ($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 United Arab Emirates (+15.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform