EU: Market for Glass Rear-View Mirrors For Vehicles 2024

Market Size for Glass Rear-View Mirrors For Vehicles in the EU

The EU glass rear-view vehicle mirror market contracted to $X in 2022, remaining constant against the previous year. In general, consumption continues to indicate a noticeable downturn. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Glass Rear-View Mirrors For Vehicles in the EU

In value terms, glass rear-view vehicle mirror production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Glass Rear-View Mirrors For Vehicles

Exports in the EU

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 two years of growth. Overall, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 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 declined 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Slovakia (X units), distantly followed by Hungary (X units), Germany (X units), Spain (X units) and Poland (X units) represented the largest exporters of glass rear-view mirrors for vehicles, together constituting X% of total exports. The following exporters - Italy (X units) and Belgium (X units) - together made up X% of total exports.

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

In value terms, Germany ($X) remains the largest glass rear-view vehicle mirror supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, which is down by X% against the previous year. Export price indicated a strong increase 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 increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then declined 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 Germany ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Imports of Glass Rear-View Mirrors For Vehicles

Imports in the EU

In 2022, overseas purchases of glass rear-view mirrors for vehicles decreased by X% to X units, falling for the fourth year in a row after seven years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, glass rear-view vehicle mirror imports contracted to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units), distantly followed by Spain (X units), Slovakia (X units), Italy (X units), the Czech Republic (X units), France (X units), Poland (X units), Hungary (X units) and Belgium (X units) represented the main importers of glass rear-view mirrors for vehicles, together making up X% of total imports. Romania (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to glass rear-view vehicle mirror imports into Germany stood at X%. At the same time, the Czech Republic (X%), France (X%), Poland (X%), Slovakia (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Belgium (X%), Spain (X%) and Romania (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.) and France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Romania (X p.p.), Belgium (X p.p.) and Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported glass rear-view mirrors for vehicles in the European Union, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Germany, glass rear-view vehicle mirror imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while Spain ($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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