China: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in China

The Chinese motor vehicle radiator market contracted notably to $X in 2023, waning by X% against the previous year. In general, consumption continues to indicate a abrupt decrease. Motor vehicle radiator consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Motor Vehicle Radiator Production in China

In value terms, motor vehicle radiator production rose markedly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports from China

In 2023, shipments abroad of radiators for motor vehicles increased by X% to X units, rising for the third year in a row after two years of decline. Overall, total exports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, motor vehicle radiator exports totaled $X in 2023. In general, total exports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Mexico (X units), the United States (X units) and South Korea (X units) were the main destinations of motor vehicle radiator exports from China, together comprising X% of total exports. Thailand, the Czech Republic, Japan, India, Taiwan (Chinese), Russia, Spain, Germany, Poland and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for radiators for motor vehicles exports from China, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

Export Prices by Country

The average motor vehicle radiator export price stood at $X per unit in 2023, declining by X% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, motor vehicle radiator export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2022, and then contracted modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into China

In 2023, after two years of growth, there was significant decline in supplies from abroad of radiators for motor vehicles, when their volume decreased by X% to X units. Overall, imports recorded a mild descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, motor vehicle radiator imports contracted significantly to $X in 2023. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Japan (X units) constituted the largest supplier of motor vehicle radiator to China, accounting for a X% share of total imports. Moreover, motor vehicle radiator imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by South Korea (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, the largest motor vehicle radiator suppliers to China were Germany ($X), Japan ($X) and Portugal ($X), together comprising X% of total imports. Mexico, Poland, the Czech Republic, the United States, South Korea, the UK, France, Thailand, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, 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

In 2023, the average motor vehicle radiator import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform