Northern America: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Northern America

The North American motor vehicle radiator market soared to $X in 2022, rising by 146% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Motor Vehicle Radiator Production in Northern America

In value terms, motor vehicle radiator production surged to $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 191% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports in Northern America

In 2022, overseas shipments of radiators for motor vehicles increased by 0.5% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle radiator exports surged to $X in 2022. In general, exports, however, recorded a noticeable decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the key exporter of radiators for motor vehicles in Northern America, with the volume of exports amounting to X units, which was near 85% of total exports in 2022. It was distantly followed by Canada (X units), committing a 15% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of radiators for motor vehicles. Canada (-2.2%) illustrated a downward trend over the same period. The United States (+3 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -3% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest motor vehicle radiator supplier in Northern America, comprising 78% of total exports. The second position in the ranking was taken by Canada ($X), with a 22% share of total exports.

In the United States, motor vehicle radiator exports shrank by an average annual rate of -3.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, rising by 23% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.0%).

Motor Vehicle Radiator Imports

Imports in Northern America

In 2022, overseas purchases of radiators for motor vehicles increased by 27% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a mild slump. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle radiator imports surged to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) represented the major importer of radiators for motor vehicles, comprising 82% of total imports. It was distantly followed by Canada (X units), committing an 18% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of radiators for motor vehicles. Canada (-6.1%) illustrated a downward trend over the same period. While the share of the United States (+10 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-10.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported radiators for motor vehicles in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +3.6%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2020 an increase of 40%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%).

Source: IndexBox Platform