Sudan: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Sudan

The Sudanese motor vehicle radiator market soared to $X in 2022, picking up by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Motor Vehicle Radiator Exports

Exports from Sudan

In 2022, overseas shipments of radiators for motor vehicles increased by 37% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a precipitous contraction. The pace of growth was the most pronounced in 2015 with an increase of 3,200% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle radiator exports rose remarkably to $X in 2022. Over the period under review, exports, however, faced a dramatic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 3,798% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for motor vehicle radiator exports from Sudan, accounting for a 82% share of total exports. Moreover, motor vehicle radiator exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -29.7%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for radiators for motor vehicles exports from Sudan, comprising 82% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to -28.7%.

Export Prices by Country

In 2022, the average motor vehicle radiator export price amounted to $X per unit, waning by -22.6% against the previous year. In general, the export price, however, saw a moderate increase. The pace of growth was the most pronounced in 2016 an increase of 323%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+114.7%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Sudan

In 2022, approx. X units of radiators for motor vehicles were imported into Sudan; jumping by 30% against the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 43%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, motor vehicle radiator imports skyrocketed to $X in 2022. Overall, imports, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 84% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest motor vehicle radiator supplier to Sudan, with a 51% share of total imports. Moreover, motor vehicle radiator imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. India (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.4% per year) and India (-7.4% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Ecuador ($X) constituted the largest motor vehicle radiator suppliers to Sudan, with a combined 74% share of total imports. Sweden, India, Turkey, Iran, Thailand, Saudi Arabia and Saint Vincent and the Grenadines lagged somewhat behind, together accounting for a further 17%.

Sweden, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of imports, among 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, declining by -8.8% against the previous year. Overall, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 79%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 Ecuador ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saint Vincent and the Grenadines (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform