Global Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size

The global motor vehicle radiator market soared to $X in 2022, picking up by 15% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Motor Vehicle Radiator Production

In value terms, motor vehicle radiator production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value 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, production increased by +4.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Motor Vehicle Radiator Exports

Exports

In 2022, global exports of radiators for motor vehicles reduced modestly to X units, dropping by -2.2% on the previous year. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. The global exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle radiator exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 24%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China represented the main exporting country with an export of around X units, which amounted to 26% of total exports. The Czech Republic (X units) held a 9.9% share (based on physical terms) of total exports, which put it in second place, followed by the United States (7.5%), Germany (7.2%), Poland (7.2%) and Mexico (4.8%). Slovakia (X units), Spain (X units), France (X units), Romania (X units), Sweden (X units), Japan (X units) and the UK (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motor vehicle radiator exports from China stood at +3.6%. At the same time, Slovakia (+14.1%), the Czech Republic (+6.1%), Sweden (+4.9%), Mexico (+4.5%), Romania (+4.2%) and Poland (+1.8%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.1% from 2012-2022. The United States and Spain experienced a relatively flat trend pattern. By contrast, Japan (-1.9%), Germany (-2.3%), the UK (-2.3%) and France (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Czech Republic and Slovakia increased by +4.5, +3.4 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motor vehicle radiator supplier worldwide, comprising 27% of global exports. The second position in the ranking was held by Germany ($X), with a 12% share of global exports. It was followed by the Czech Republic, with a 6.7% share.

In China, motor vehicle radiator exports increased at an average annual rate of +7.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-0.9% per year) and the Czech Republic (+3.6% per year).

Export Prices by Country

The average motor vehicle radiator export price stood at $X per unit in 2022, surging by 9.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 10% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other global leaders experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports

In 2022, overseas purchases of radiators for motor vehicles increased by 11% to X units, rising for the second consecutive year after two years of decline. In general, imports showed a relatively flat trend pattern. Over the period under review, global imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, motor vehicle radiator imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X units), followed by the United States (X units) and the Czech Republic (X units) represented the major importers of radiators for motor vehicles, together creating 31% of total imports. The following importers - Spain (X units), Mexico (X units), Poland (X units), the UK (X units), Russia (X units), China (X units), Slovakia (X units), France (X units), Italy (X units) and Turkey (X units) - together made up 33% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of +8.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle radiator importing markets worldwide were the United States ($X), Germany ($X) and Mexico ($X), with a combined 36% share of global imports. The Czech Republic, the UK, Spain, China, Poland, France, Russia, Italy, Slovakia and Turkey lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, Slovakia, with a CAGR of +9.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+30.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform