Myanmar: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in Myanmar

In 2022, the Myanmar's motor vehicle radiator market increased by 32% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, faced a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Motor Vehicle Radiator Production in Myanmar

In value terms, motor vehicle radiator production amounted to less than $X in 2022 estimated in export price. Over the period under review, production showed a dramatic decline. The pace of growth was the most pronounced in 2014 with an increase of 41%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Motor Vehicle Radiator Exports

Exports from Myanmar

Motor vehicle radiator exports from Myanmar declined remarkably to X units in 2022, shrinking by -70.8% on the year before. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 1,730% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped dramatically in the following year.

In value terms, motor vehicle radiator exports dropped markedly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 2,911% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Indonesia (X units) was the main destination for motor vehicle radiator exports from Myanmar, accounting for a 51% share of total exports. Moreover, motor vehicle radiator exports to Indonesia exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was taken by Australia (X units), with a 16% share.

From 2017 to 2022, the average annual growth rate of volume to Indonesia amounted to +88.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+131.8% per year) and Australia (+65.1% per year).

In value terms, the largest markets for motor vehicle radiator exported from Myanmar were Japan ($X), Indonesia ($X) and Australia ($X), with a combined 92% share of total exports.

Japan, with a CAGR of +164.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motor vehicle radiator export price stood at $X per unit in 2022, which is down by -17% against the previous year. Over the period under review, export price indicated prominent growth from 2017 to 2022: its price increased at an average annual rate of +11.7% over the last five years. 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 +13.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 65% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then fell sharply in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Myanmar

In 2022, purchases abroad of radiators for motor vehicles was finally on the rise to reach X units after two years of decline. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 406% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, motor vehicle radiator imports totaled $X in 2022. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 198%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 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 Myanmar, accounting for a 83% share of total imports. Moreover, motor vehicle radiator imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), tenfold. Vietnam (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+24.9% per year) and Vietnam (+177.6% per year).

In value terms, China ($X) constituted the largest supplier of radiators for motor vehicles to Myanmar, comprising 61% of total imports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total imports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.5% per year) and Vietnam (+134.0% per year).

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, falling by -7.3% against the previous year. Overall, the import price faced a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 67%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Indonesia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+501.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform