Canada: Radiator Market 2023

Radiator Market Size in Canada

The Canadian radiator market reached $X in 2022, rising by 1.5% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Radiator consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Radiator Production in Canada

In value terms, radiator production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 25% against the previous year. Radiator production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Radiator Exports

Exports from Canada

In 2022, approx. X tons of radiators for central heating (not electrically heated) were exported from Canada; which is down by -35.7% compared with the previous year. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 77%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, radiator exports fell significantly to $X in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 66% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for radiator exports from Canada, with a 98% share of total exports. It was followed by Saudi Arabia (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -6.6%.

In value terms, the United States ($X) remains the key foreign market for radiators for central heating (not electrically heated) exports from Canada, comprising 98% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -5.0%.

Export Prices by Country

In 2022, the average radiator export price amounted to $X per ton, declining by -3.8% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radiator export price increased by +62.6% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 29% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%).

Radiator Imports

Imports into Canada

In 2022, purchases abroad of radiators for central heating (not electrically heated) decreased by -10% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 50% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, radiator imports expanded to $X in 2022. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 49%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of radiator to Canada, with a 57% share of total imports. Moreover, radiator imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+23.7% per year) and Poland (+65.3% per year).

In value terms, the United States ($X) constituted the largest supplier of radiators for central heating (not electrically heated) to Canada, comprising 57% of total imports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total imports. It was followed by Poland, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+24.9% per year) and Poland (+66.9% per year).

Import Prices by Country

In 2022, the average radiator import price amounted to $X per ton, rising by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and the Czech Republic ($X per ton), while the price for the UK ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :