Algeria: Market for Glass Rear-View Mirrors For Vehicles 2023

Market Size for Glass Rear-View Mirrors For Vehicles in Algeria

In 2021, the Algerian glass rear-view vehicle mirror market decreased by -12.5% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Algeria

In 2021, overseas shipments of glass rear-view mirrors for vehicles decreased by -7.7% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 183% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, glass rear-view vehicle mirror exports reached $X in 2021. In general, exports saw a mild contraction. The growth pace was the most rapid in 2016 with an increase of 177%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X units) was the main destination for glass rear-view vehicle mirror exports from Algeria, accounting for a 75% share of total exports. Moreover, glass rear-view vehicle mirror exports to Romania exceeded the volume sent to the second major destination, Turkey (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Romania was relatively modest.

In value terms, Romania ($X), Turkey ($X) and China ($X) appeared to be the largest markets for glass rear-view vehicle mirror exported from Algeria worldwide, with a combined 100% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average glass rear-view vehicle mirror export price amounted to $X per unit, growing by 7.3% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 78%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.8%).

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Algeria

In 2021, purchases abroad of glass rear-view mirrors for vehicles decreased by -15.3% to X units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, glass rear-view vehicle mirror imports reduced to $X in 2021. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 71% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest glass rear-view vehicle mirror supplier to Algeria, with a 63% share of total imports. Moreover, glass rear-view vehicle mirror imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-13.6% per year) and South Korea (-5.2% per year).

In value terms, China ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Algeria, comprising 44% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.7% per year) and the United Arab Emirates (+93.8% per year).

Import Prices by Country

In 2021, the average glass rear-view vehicle mirror import price amounted to $X per unit, growing by 4.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 an increase of 26%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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