Turkey: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Turkey

The Turkish motor vehicle radiator market reached $X in 2022, surging by 2.3% against the previous year. Over the period under review, consumption, however, saw a noticeable decrease. Motor vehicle radiator consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Motor Vehicle Radiator Production in Turkey

In value terms, motor vehicle radiator production contracted rapidly to $X in 2022 estimated in export price. In general, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 84% against the previous year. Motor vehicle radiator production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports from Turkey

In 2022, shipments abroad of radiators for motor vehicles increased by 18% to X units, rising for the second year in a row after two years of decline. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, motor vehicle radiator exports soared to $X in 2022. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units), the United States (X units) and France (X units) were the main destinations of motor vehicle radiator exports from Turkey, together accounting for 39% of total exports. Belgium, the UK, Brazil, Russia, the United Arab Emirates, Italy, Poland, Tajikistan, Austria and Iran lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +102.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and France ($X) appeared to be the largest markets for motor vehicle radiator exported from Turkey worldwide, together comprising 37% of total exports. Belgium, Russia, Iran, the UK, Brazil, Poland, Italy, the United Arab Emirates, Tajikistan and Austria lagged somewhat behind, together comprising a further 38%.

Tajikistan, with a CAGR of +108.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average motor vehicle radiator export price amounted to $X per unit, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Turkey

In 2022, overseas purchases of radiators for motor vehicles increased by 15% to X units, rising for the third consecutive year after four years of decline. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 15%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, motor vehicle radiator imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the Czech Republic (X units) and Slovakia (X units) were the main suppliers of motor vehicle radiator imports to Turkey, with a combined 57% share of total imports. Spain, Romania, Italy, Germany, South Korea, India, France, the UK, Portugal and Japan lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of radiators for motor vehicles to Turkey, comprising 30% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total imports. It was followed by Slovakia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+6.9% per year) and Slovakia (-1.6% per year).

Import Prices by Country

The average motor vehicle radiator import price stood at $X per unit in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of 8.4% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform