Philippines: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in the Philippines

The Philippine motor vehicle radiator market reduced to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, enjoyed perceptible growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Motor Vehicle Radiator Production in the Philippines

In value terms, motor vehicle radiator production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a notable expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Motor Vehicle Radiator Exports

Exports from the Philippines

In 2022, exports of radiators for motor vehicles from the Philippines declined rapidly to X units, which is down by X% on the previous year's figure. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, motor vehicle radiator exports declined dramatically to $X in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for motor vehicle radiator exports from the Philippines, accounting for a X% share of total exports. Moreover, motor vehicle radiator exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Japan (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for radiators for motor vehicles exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Japan (X% per year).

Export Prices by Country

The average motor vehicle radiator export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Malaysia ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Motor Vehicle Radiator Imports

Imports into the Philippines

In 2022, purchases 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. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, motor vehicle radiator imports expanded notably to $X in 2022. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest motor vehicle radiator supplier to the Philippines, accounting for a X% share of total imports. Moreover, motor vehicle radiator imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Japan (X units), with a X% share.

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

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

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

Import Prices by Country

The average motor vehicle radiator import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price saw significant growth. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain 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 Indonesia ($X per unit) and Japan ($X per unit), while the price for Singapore ($X per unit) and South Korea ($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

Frequently Asked Questions (FAQ) :