Eastern Europe: Market for Glass Rear-View Mirrors For Vehicles 2024

Market Size for Glass Rear-View Mirrors For Vehicles in Eastern Europe

In 2022, the East European glass rear-view vehicle mirror market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a mild curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Glass Rear-View Mirrors For Vehicles in Eastern Europe

In value terms, glass rear-view vehicle mirror production declined to $X in 2022 estimated in export price. Over the period under review, production showed a mild downturn. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Exports of Glass Rear-View Mirrors For Vehicles

Exports in Eastern Europe

In 2022, overseas shipments of glass rear-view mirrors for vehicles decreased by X% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass rear-view vehicle mirror exports reduced dramatically to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia represented the main exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Hungary (X units) and Poland (X units), together making up a X% share of total exports. The Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Hungary ($X) remains the largest glass rear-view vehicle mirror supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with an X% share of total exports. It was followed by Slovakia, with an X% share.

In Hungary, glass rear-view vehicle mirror exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Slovakia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, declining by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price 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, glass rear-view vehicle mirror export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glass Rear-View Mirrors For Vehicles

Imports in Eastern Europe

In 2022, imports of glass rear-view mirrors for vehicles in Eastern Europe fell remarkably to X units, with a decrease of X% on 2021. Total imports indicated a modest expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, glass rear-view vehicle mirror imports shrank markedly to $X in 2022. Over the period under review, imports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, Slovakia (X units), distantly followed by the Czech Republic (X units), Poland (X units), Hungary (X units), Romania (X units) and Russia (X units) were the major importers of glass rear-view mirrors for vehicles, together making up X% of total imports.

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

In value terms, the largest glass rear-view vehicle mirror importing markets in Eastern Europe were Slovakia ($X), the Czech Republic ($X) and Hungary ($X), together comprising X% of total imports. Poland, Romania and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, saw the highest growth rate of 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

The import price in Eastern Europe stood at $X per unit in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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