Singapore: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in Singapore

The Singaporean motor vehicle radiator market surged to $X in 2022, with an increase of 122% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Motor Vehicle Radiator Production in Singapore

In value terms, motor vehicle radiator production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a precipitous descent. Motor vehicle radiator production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports from Singapore

In 2022, the amount of radiators for motor vehicles exported from Singapore fell sharply to X units, waning by -37.9% compared with 2021. Overall, exports showed a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 104% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle radiator exports surged to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 90% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Australia (X units) and Malaysia (X units) were the main destinations of motor vehicle radiator exports from Singapore, with a combined 39% share of total exports. Myanmar, India, Taiwan (Chinese), Japan, the United States, Belgium, China and Hong Kong SAR lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +105.3%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Australia ($X) and Malaysia ($X) were the largest markets for motor vehicle radiator exported from Singapore worldwide, together accounting for 41% of total exports. India, Taiwan (Chinese), Myanmar, Japan, the United States, Belgium, China and Hong Kong SAR lagged somewhat behind, together accounting for a further 47%.

Among the main countries of destination, Belgium, with a CAGR of +121.5%, saw the highest growth rate of the value of exports, 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, growing by 102% against the previous year. In general, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per unit) and China ($X per unit), while the average price for exports to Myanmar ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Singapore

In 2022, approx. X units of radiators for motor vehicles were imported into Singapore; dropping by -25.6% against 2021 figures. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle radiator imports soared to $X in 2022. In general, imports showed a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of 45%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Thailand (X units) were the main suppliers of motor vehicle radiator imports to Singapore, together comprising 32% of total imports. The Czech Republic, the United States, India, Indonesia, Italy, Mexico, Switzerland, Slovakia, Australia and South Korea lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle radiator suppliers to Singapore were China ($X), Germany ($X) and the Czech Republic ($X), with a combined 32% share of total imports. Thailand, the United States, India, Indonesia, Mexico, Italy, Switzerland, Slovakia, South Korea and Australia lagged somewhat behind, together comprising a further 45%.

Switzerland, with a CAGR of +26.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motor vehicle radiator import price stood at $X per unit in 2022, surging by 71% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle radiator import price increased by +91.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and the Czech Republic ($X per unit), while the price for Australia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform