South-Eastern Asia: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in South-Eastern Asia

In 2023, the Southeast Asian motor vehicle radiator market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The total consumption indicated a pronounced expansion 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level in 2023 and is likely to continue growth in the immediate term.

Motor Vehicle Radiator Production in South-Eastern Asia

In value terms, motor vehicle radiator production rose modestly 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; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Motor Vehicle Radiator Exports

Exports in South-Eastern Asia

Motor vehicle radiator exports surged to X units in 2023, with an increase of X% against 2022. The total export volume 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, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle radiator exports expanded markedly to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the key exporter of radiators for motor vehicles in South-Eastern Asia, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Indonesia (X units), achieving a X% share of total exports. Malaysia (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Cambodia (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 South-Eastern Asia were Thailand ($X), Indonesia ($X) and Malaysia ($X), with a combined X% share of total exports. Cambodia lagged somewhat behind, accounting for a further X%.

Among the main exporting countries, Cambodia, with a CAGR of X%, recorded 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 South-Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Overall, the export price recorded a slight descent. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Indonesia ($X per unit) and Malaysia ($X per unit), while Cambodia ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced mixed trends in the export price figures.

Motor Vehicle Radiator Imports

Imports in South-Eastern Asia

In 2023, overseas purchases of radiators for motor vehicles increased by X% to X units, rising for the third year in a row after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2023: its volume 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. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, motor vehicle radiator imports expanded significantly to $X in 2023. Total imports indicated a tangible increase 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Thailand was the key importer of radiators for motor vehicles in South-Eastern Asia, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. Malaysia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and Vietnam (X%). The following importers - the Philippines (X units) and Singapore (X units) - each reached a X% share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, declining by X% against the previous year. In general, the import price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform