Canada: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Canada

The Canadian motor vehicle radiator market rose modestly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Motor Vehicle Radiator Production in Canada

In value terms, motor vehicle radiator production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Motor Vehicle Radiator Exports

Exports from Canada

In 2022, shipments abroad of radiators for motor vehicles was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a mild decrease. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle radiator exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild decrease. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for motor vehicle radiator exports from Canada, accounting for a X% share of total exports. Moreover, motor vehicle radiator exports to the United States exceeded the volume sent to the second major destination, Spain (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X.2% per year) and Finland (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X.5% per year) and Finland (X% per year).

Export Prices by Country

The average motor vehicle radiator export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted sharply 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 ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Radiator Imports

Imports into Canada

After four years of decline, overseas purchases of radiators for motor vehicles increased by X% to X units in 2022. Overall, imports, however, continue to indicate a abrupt slump. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, motor vehicle radiator imports surged to $X in 2022. In general, imports, however, continue to indicate a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest motor vehicle radiator supplier to Canada, accounting for a X% share of total imports. Moreover, motor vehicle radiator imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) constituted the largest supplier of radiators for motor vehicles to Canada, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per unit) and the United States ($X per unit), while the price for Spain ($X per unit) and Japan ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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