Singapore: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Singapore

The Singaporean motor vehicle radiator market expanded notably to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a notable expansion 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 attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Motor Vehicle Radiator Production in Singapore

In value terms, motor vehicle radiator production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Motor vehicle radiator production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Motor Vehicle Radiator Exports

Exports from Singapore

In 2022, the amount of radiators for motor vehicles exported from Singapore contracted notably to X units, declining by X% on the previous year. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle radiator exports contracted to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for motor vehicle radiator exports from Singapore, with a X% share of total exports. Moreover, motor vehicle radiator exports to Indonesia exceeded the volume sent to the second major destination, Australia (X units), twofold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the United States (X% per year).

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

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

Export Prices by Country

In 2022, the average motor vehicle radiator export price amounted to $X per unit, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

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

Motor Vehicle Radiator Imports

Imports into Singapore

Motor vehicle radiator imports into Singapore contracted to X units in 2022, waning by X% on the previous year. Over the period under review, imports showed a deep reduction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, motor vehicle radiator imports fell slightly to $X in 2022. In general, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), India (X units) and Thailand (X units) were the main suppliers of motor vehicle radiator imports to Singapore, with a combined X% share of total imports.

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

In value terms, the largest motor vehicle radiator suppliers to Singapore were the United States ($X), India ($X) and China ($X), together comprising X% of total imports.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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