Middle East: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in the Middle East

After eight years of growth, the Middle Eastern motor vehicle radiator market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a strong increase. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Motor Vehicle Radiator Production in the Middle East

In value terms, motor vehicle radiator production contracted to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Motor Vehicle Radiator Exports

Exports in the Middle East

In 2022, the amount of radiators for motor vehicles exported in the Middle East skyrocketed to X units, with an increase of X% against the previous year's figure. Total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle radiator exports surged to $X in 2022. Total exports indicated a buoyant increase 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) dominates exports structure, together constituting X% of total exports. It was distantly followed by Jordan (X units), constituting a X% share of total exports. Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (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 the Middle East were Turkey ($X), the United Arab Emirates ($X) and Jordan ($X), together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Motor Vehicle Radiator Imports

Imports in the Middle East

In 2022, supplies from abroad of radiators for motor vehicles increased by X% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, motor vehicle radiator imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Turkey represented the key importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by the United Arab Emirates (X units) and Iraq (X units), together making up a X% share of total imports. Iran (X units), Israel (X units), Oman (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported radiators for motor vehicles in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iraq, with a X% share.

In Turkey, motor vehicle radiator imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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