Northern America: Radiator Market 2023

Radiator Market Size in Northern America

The North American radiator market dropped modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Radiator Production in Northern America

In value terms, radiator production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 46%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Radiator Exports

Exports in Northern America

In 2022, approx. X tons of radiators for central heating (not electrically heated) were exported in Northern America; picking up by 6.8% against the previous year's figure. In general, exports, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2014 when exports increased by 62% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, radiator exports surged to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 50% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the key exporter of radiators for central heating (not electrically heated) in Northern America, with the volume of exports resulting at X tons, which was approx. 83% of total exports in 2022. It was distantly followed by Canada (X tons), generating a 17% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of radiators for central heating (not electrically heated). Canada (-8.1%) illustrated a downward trend over the same period. While the share of the United States (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-13.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest radiator supplier in Northern America, comprising 84% of total exports. The second position in the ranking was held by Canada ($X), with a 16% share of total exports.

In the United States, radiator exports increased at an average annual rate of +1.9% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 27% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +77.5% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.8%).

Radiator Imports

Imports in Northern America

After two years of decline, purchases abroad of radiators for central heating (not electrically heated) increased by 5.8% to X tons in 2022. Overall, imports, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, radiator imports soared to $X in 2022. In general, imports recorded slight growth. The pace of growth appeared the most rapid in 2014 with an increase of 31%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) represented the main importer of radiators for central heating (not electrically heated), mixing up 65% of total imports. It was distantly followed by Canada (X tons), generating a 35% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Canada (with a CAGR of +5.1%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2022.

Canada, with a CAGR of +6.2%, 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.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2020 an increase of 18%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%).

Source: IndexBox Platform

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