EU: Market for Glass Rear-View Mirrors For Vehicles 2022

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

In 2021, the EU glass rear-view vehicle mirror market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, 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 expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports in the EU

Glass rear-view vehicle mirror exports rose notably to X units in 2021, increasing by X% on 2020 figures. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, glass rear-view vehicle mirror exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Hungary (X units), Spain (X units), Slovakia (X units) and Poland (X units) represented roughly X% of total exports in 2021. The following exporters - France (X units) and Italy (X units) - each resulted at an X% share of total exports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest glass rear-view vehicle mirror supplying countries in the European Union were Germany ($X), Hungary ($X) and Spain ($X), with a combined X% share of total exports. These countries were followed by Poland, Slovakia, France and Italy, which together accounted for a further X terms of the main exporting countries, Poland, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, surging by X% against the previous year. Overall, the export price, however, continues to indicate a slight setback. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+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

Glass rear-view vehicle mirror imports contracted slightly to X units in 2021, remaining constant against the year before. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then reduced modestly in the following year.

In value terms, glass rear-view vehicle mirror imports expanded markedly to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units), distantly followed by Slovakia (X units), Spain (X units), the Czech Republic (X units), Belgium (X units), Poland (X units), France (X units) and Italy (X units) represented the largest importers of glass rear-view mirrors for vehicles, together making up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

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 an X% share of total imports. It was followed by the Czech Republic, with an X% share.

In Germany, glass rear-view vehicle mirror imports remained relatively stable over the period from 2012-2021. 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 2021, picking up by X% against the previous year. In general, the import price, however, recorded a slight descent. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while Slovakia ($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 (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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