Thailand: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Thailand

The Thai motor vehicle radiator market fell to $X in 2022, reducing by X% against the previous year. The market 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. Motor vehicle radiator consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Motor Vehicle Radiator Production in Thailand

In value terms, motor vehicle radiator production fell to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Motor vehicle radiator production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports from Thailand

In 2022, overseas shipments of radiators for motor vehicles increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports showed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, motor vehicle radiator exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Japan (X units), Indonesia (X units) and South Africa (X units) were the main destinations of motor vehicle radiator exports from Thailand, with a combined X% share of total exports. The United States, Argentina, Malaysia, Vietnam, India, Pakistan, Brazil, Jordan, China and Australia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for motor vehicle radiator exported from Thailand were Japan ($X), Indonesia ($X) and South Africa ($X), with a combined X% share of total exports. The United States, Malaysia, Argentina, Vietnam, Pakistan, India, China, Australia, Brazil and Jordan lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average motor vehicle radiator export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average 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 China ($X per unit), while the average price for exports to Argentina ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Radiator Imports

Imports into Thailand

For the fifth year in a row, Thailand recorded growth in purchases abroad of radiators for motor vehicles, which increased by X% to X units in 2022. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, motor vehicle radiator imports skyrocketed to $X in 2022. Overall, imports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Australia (X units) and Japan (X units) were the main suppliers of motor vehicle radiator imports to Thailand, with a combined X% share of total imports. Indonesia, Italy, India, Spain, the United States, Taiwan (Chinese), Cambodia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle radiator suppliers to Thailand were China ($X), Japan ($X) and Australia ($X), together comprising X% of total imports. Indonesia, Taiwan (Chinese), Cambodia, the United States, Italy, India, Spain and Germany lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Cambodia, 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. Overall, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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