Belgium - Glass Rear-View Mirrors For Vehicles - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Belgium - Glass Rear-View Mirrors For Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Price for Glass Rear-View Vehicle Mirror in Belgium - 2023

Contents:

  1. Price for Glass Rear-View Vehicle Mirror in Belgium (CIF) - 2022
  2. Price for Glass Rear-View Vehicle Mirror in Belgium (FOB) - 2023
  3. Imports of Glass Rear-View Vehicle Mirror in Belgium
  4. Exports of Glass Rear-View Vehicle Mirror in Belgium

Price for Glass Rear-View Vehicle Mirror in Belgium (CIF) - 2022

The average glass rear-view vehicle mirror import price stood at $21 per unit in 2022, almost unchanged from the previous year. In general, the import price, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 104% against the previous year. The import price peaked at $82 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United States ($46 per unit), while the price for France ($6.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Glass Rear-View Vehicle Mirror in Belgium (FOB) - 2023

The average glass rear-view vehicle mirror export price stood at $15.3 per unit in August 2023, with an increase of 3.6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 15,113% against the previous month. The export price peaked at $16.3 per unit in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the Netherlands ($28.1 per unit), while the average price for exports to the UK ($1.6 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Vehicle Mirror in Belgium

In 2022, imports of glass rear-view mirrors for vehicles into Belgium rose modestly to 5.8M units, picking up by 2.2% on 2021 figures. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at 6M units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, glass rear-view vehicle mirror imports rose to $124M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 4.9% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Glass Rear-View Vehicle Mirror in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany40.240.346.843.72.8%
United Kingdom33.838.331.133.5-0.3%
Taiwan (Chinese)9.59.211.012.69.9%
United States10.69.48.211.11.5%
France2.53.56.05.126.8%
China0.71.33.13.062.4%
Others13.013.615.015.04.9%
Total1101161211244.1%

Top Suppliers of Glass Rear-View Vehicle Mirror to Belgium in 2022:

  1. Germany (4.8M units)
  2. Taiwan (Chinese) (1.5M units)
  3. United Kingdom (0.9M units)
  4. France (0.8M units)
  5. China (0.3M units)
  6. United States (0.2M units)

Exports of Glass Rear-View Vehicle Mirror in Belgium

In 2022, shipments abroad of glass rear-view mirrors for vehicles decreased by -4.5% to 447K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a temperate increase. The growth pace was the most rapid in 2021 when exports increased by 9.8% against the previous year. As a result, the exports reached the peak of 468K units, and then shrank slightly in the following year.

In value terms, glass rear-view vehicle mirror exports reduced to $56M in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. As a result, the exports attained the peak of $61M, and then fell in the following year.

Export of Glass Rear-View Vehicle Mirror in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany12.713.515.515.46.6%
France5.16.17.67.212.2%
Netherlands3.54.25.45.415.6%
United Kingdom2.93.24.23.45.4%
Spain2.32.12.72.86.8%
Brazil0.33.44.12.5102.7%
Italy1.91.92.42.25.0%
Poland1.01.52.42.026.0%
United States7.15.81.71.3-43.2%
Switzerland0.80.81.01.317.6%
Sweden0.81.21.51.214.5%
Austria1.01.01.11.13.2%
Russia1.00.81.20.2-41.5%
Others7.28.19.89.911.2%
Total47.653.660.556.05.6%

Top Export Markets for Glass Rear-View Vehicle Mirror from Belgium in 2022:

  1. Germany (1045.1K units)
  2. Brazil (476.4K units)
  3. Netherlands (472.9K units)
  4. United Kingdom (397.9K units)
  5. France (383.7K units)
  6. Spain (143.3K units)
  7. Poland (137.4K units)
  8. Italy (124.5K units)
  9. United States (114.8K units)
  10. Switzerland (94.5K units)
  11. Austria (90.5K units)
  12. Sweden (67.9K units)
  13. Russia (28.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 23121350 - Glass rear-view mirrors for vehicles

Country coverage:

  • Belgium

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Belgium
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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