Brazil: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Brazil

In 2023, the Brazilian motor vehicle radiator market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Motor vehicle radiator consumption peaked at $X in 2022, and then contracted sharply in the following year.

Motor Vehicle Radiator Production in Brazil

In value terms, motor vehicle radiator production reduced to $X in 2023 estimated in export price. Overall, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Motor vehicle radiator production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Motor Vehicle Radiator Exports

Exports from Brazil

In 2023, shipments abroad of radiators for motor vehicles increased by X% to X units, rising for the third year in a row after three years of decline. In general, exports saw a mild expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in years to come.

In value terms, motor vehicle radiator exports skyrocketed to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Argentina (X units) was the main destination for motor vehicle radiator exports from Brazil, accounting for a X% share of total exports. Moreover, motor vehicle radiator exports to Argentina exceeded the volume sent to the second major destination, the Czech Republic (X units), fourfold. The third position in this ranking was taken by Uzbekistan (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Uzbekistan (X% per year).

In value terms, Argentina ($X) remains the key foreign market for radiators for motor vehicles exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2023, the average motor vehicle radiator export price amounted to $X per unit, remaining constant 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 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2023, 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 Germany ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Brazil

In 2023, the amount of radiators for motor vehicles imported into Brazil reached X units, picking up by X% against 2022 figures. In general, total imports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, motor vehicle radiator imports shrank to $X in 2023. Over the period under review, imports saw a tangible increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, China (X units) constituted the largest motor vehicle radiator supplier to Brazil, accounting for a X% share of total imports. Moreover, motor vehicle radiator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Sweden (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2023, the average motor vehicle radiator import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2022, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform