Kuwait: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in Kuwait

The Kuwaiti motor vehicle radiator market reduced to $X in 2022, dropping by -14.4% 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 recorded a relatively flat trend pattern. Motor vehicle radiator consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Motor Vehicle Radiator Exports

Exports from Kuwait

In 2022, motor vehicle radiator exports from Kuwait shrank dramatically to X units, falling by -45.8% against the previous year. In general, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 741% against the previous year. The exports 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 declined rapidly to $X in 2022. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 435%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for motor vehicle radiator exports from Kuwait, accounting for a 87% share of total exports. Moreover, motor vehicle radiator exports to India exceeded the volume sent to the second major destination, Qatar (X units), more than tenfold. Pakistan (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled -20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-8.1% per year) and Pakistan (-41.3% per year).

In value terms, India ($X) remains the key foreign market for radiators for motor vehicles exports from Kuwait, comprising 65% of total exports. The second position in the ranking was held by Qatar ($X), with an 18% share of total exports. It was followed by Pakistan, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+1.7% per year) and Pakistan (-43.0% per year).

Export Prices by Country

In 2022, the average motor vehicle radiator export price amounted to $X per unit, picking up by 9.4% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 69%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

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 Qatar ($X per unit), while the average price for exports to Pakistan ($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 India (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Kuwait

In 2022, the amount of radiators for motor vehicles imported into Kuwait contracted to X units, which is down by -12.9% against 2021 figures. Overall, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2015 with an increase of 44% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, motor vehicle radiator imports contracted sharply to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of motor vehicle radiator imports to Kuwait, with a combined 72% share of total imports. The United Arab Emirates, South Korea, the UK, Oman, Mexico, Germany, Jordan and India lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +30.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle radiator suppliers to Kuwait were Taiwan (Chinese) ($X), China ($X) and Japan ($X), together comprising 56% of total imports. The UK, Germany, the United Arab Emirates, South Korea, Mexico, Oman, Jordan and India lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, the UK, with a CAGR of +40.3%, recorded the highest rates of growth with regard to 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, with a decrease of -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 29% against the previous year. The import price peaked 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform