China: Radiator Market 2022

Radiator Market Size in China

The Chinese radiator market amounted to $X in 2021, growing by less than X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Radiator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Radiator Production in China

In value terms, radiator production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Radiator Exports

Exports from China

In 2021, radiator exports from China surged to X tons, rising by X% on 2020 figures. In general, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, radiator exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Kazakhstan (X tons) and Russia (X tons) were the main destinations of radiator exports from China, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for radiator exports from China, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Kazakhstan (+X% per year).

Export Prices by Country

The average radiator export price stood at $X per ton in 2021, waning by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+X%), while the prices for the other major destinations experienced a decline.

Radiator Imports

Imports into China

In 2021, radiator imports into China surged to X tons, growing by X% on the previous year. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, radiator imports soared to $X in 2021. In general, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) was the main radiator supplier to China, with a X% share of total imports. Moreover, radiator imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Poland (-X% per year).

In value terms, Turkey ($X) constituted the largest supplier of radiator to China, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Poland (-X% per year).

Import Prices by Country

In 2021, the average radiator import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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