Southern Asia: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in Southern Asia

The South Asian motor vehicle radiator market fell modestly to $X in 2022, reducing by -1.9% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +66.6% against 2012 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank slightly in the following year.

Motor Vehicle Radiator Production in Southern Asia

In value terms, motor vehicle radiator production fell modestly to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -2.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Motor Vehicle Radiator Exports

Exports in Southern Asia

In 2022, approx. X units of radiators for motor vehicles were exported in Southern Asia; reducing by -10.2% against 2021 figures. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 37%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle radiator exports declined slightly to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

India prevails in exports structure, recording X units, which was near 98% of total exports in 2022. Pakistan (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the radiators for motor vehicles exports, with a CAGR of +2.4% from 2012 to 2022. Pakistan (-6.3%) illustrated a downward trend over the same period. While the share of India (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (-2.3 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest motor vehicle radiator supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by Pakistan ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +6.2%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with an increase of 9.3% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 export price increased by +65.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 27%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.8%).

Motor Vehicle Radiator Imports

Imports in Southern Asia

In 2022, the amount of radiators for motor vehicles imported in Southern Asia declined dramatically to X units, reducing by -23.4% against 2021. Total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +54.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. As a result, imports reached the peak of X units, and then contracted sharply in the following year.

In value terms, motor vehicle radiator imports reduced to $X in 2022. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of 130%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

India represented the major importer of radiators for motor vehicles in Southern Asia, with the volume of imports amounting to X units, which was near 70% of total imports in 2022. Bangladesh (X units) took the second position in the ranking, followed by Pakistan (X units). All these countries together held near 22% share of total imports. The following importers - Sri Lanka (X units) and Afghanistan (X units) - together made up 6.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to motor vehicle radiator imports into India stood at +2.6%. At the same time, Pakistan (+7.5%) and Sri Lanka (+4.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +7.5% from 2012-2022. By contrast, Afghanistan (-1.6%) and Bangladesh (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Pakistan increased by +5.2 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported radiators for motor vehicles in Southern Asia, comprising 80% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 9.9% share of total imports. It was followed by Bangladesh, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +7.3%. In the other countries, the average annual rates were as follows: Pakistan (+9.8% per year) and Bangladesh (+0.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, rising by 23% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform