Europe: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Europe

In 2023, the Europe motor vehicle radiator market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Motor Vehicle Radiator Production in Europe

In value terms, motor vehicle radiator production fell to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Motor Vehicle Radiator Exports

Exports in Europe

In 2023, overseas shipments of radiators for motor vehicles increased by X% to X units, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, motor vehicle radiator exports soared to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the Czech Republic (X units), Poland (X units) and Germany (X units), together resulting at X% of total export. It was distantly followed by Spain (X units), France (X units) and Slovakia (X units), together mixing up an X% share of total exports. Romania (X units), Sweden (X units), the UK (X units), Italy (X units), Hungary (X units), Portugal (X units) and Denmark (X units) followed a long way behind the leaders.

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

In value terms, the largest motor vehicle radiator supplying countries in Europe were Germany ($X), the Czech Republic ($X) and Poland ($X), together comprising X% of total exports. Slovakia, Spain, France, Hungary, the UK, Italy, Sweden, Romania, Denmark and Portugal lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports in Europe

In 2023, overseas purchases of radiators for motor vehicles increased by X% to X units, rising for the third consecutive year after two years of decline. The total import volume 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 in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, motor vehicle radiator imports surged to $X in 2023. Total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany represented the main importer of radiators for motor vehicles in Europe, with the volume of imports finishing at X units, which was near X% of total imports in 2023. The Czech Republic (X units) ranks second in terms of the total imports with a X% share, followed by Spain (X%), Poland (X%), the UK (X%), Russia (X%) and France (X%). The following importers - Italy (X units), Slovakia (X units), the Netherlands (X units), Hungary (X units), Sweden (X units) and Belgium (X units) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2023. At the same time, the Czech Republic (X%), Hungary (X%), Poland (X%), Spain (X%), the UK (X%), the Netherlands (X%), Slovakia (X%), Sweden (X%), Russia (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. France and Belgium experienced a relatively flat trend pattern. While the share of the Czech Republic (X p.p.), Spain (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported radiators for motor vehicles in Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

In Germany, motor vehicle radiator imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Spain (X% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform