Scandinavia: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in Scandinavia

In 2022, the Scandinavia motor vehicle radiator market decreased by -3.9% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.9% against 2018 indices. The level of consumption peaked at $X in 2021, and then fell in the following year.

Motor Vehicle Radiator Production in Scandinavia

In value terms, motor vehicle radiator production totaled $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 73%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Motor Vehicle Radiator Exports

Exports in Scandinavia

In 2022, shipments abroad of radiators for motor vehicles increased by 4.3% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, motor vehicle radiator exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

The biggest shipments were from Sweden (X units), together accounting for 99% of total export.

Sweden was also the fastest-growing in terms of the radiators for motor vehicles exports, with a CAGR of +4.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest motor vehicle radiator supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at +2.4%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, which is down by -10.1% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The growth pace was the most rapid in 2020 an increase of 8.9% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -2.4% per year.

Motor Vehicle Radiator Imports

Imports in Scandinavia

In 2022, the amount of radiators for motor vehicles imported in Scandinavia reached X units, therefore, remained relatively stable against the previous year. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle radiator imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) represented the major importer of radiators for motor vehicles, generating 66% of total imports. It was distantly followed by Finland (X units), achieving a 30% share of total imports. Norway (X units) followed a long way behind the leaders.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of radiators for motor vehicles. At the same time, Finland (+10.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +10.9% from 2012-2022. Norway experienced a relatively flat trend pattern. Finland (+16 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -15.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported radiators for motor vehicles in Scandinavia, comprising 64% of total imports. The second position in the ranking was held by Finland ($X), with a 29% share of total imports.

In Sweden, motor vehicle radiator imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+7.7% per year) and Norway (+1.2% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, shrinking by -4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 13%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform