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

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

The Europe glass rear-view vehicle mirror market fell to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Glass Rear-View Mirrors For Vehicles in Europe

In value terms, glass rear-view vehicle mirror production rose modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports in Europe

In 2022, shipments abroad 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. Over the period under review, exports continue to indicate a noticeable 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 attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass rear-view vehicle mirror exports fell to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. 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 mixing up 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 most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate 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 Europe stood at $X per unit in 2022, which is down by X% against the previous year. Export price indicated a remarkable 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 contracted in the following year.

Prices varied noticeably by country of origin: 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 Europe

In 2022, approx. X units of glass rear-view mirrors for vehicles were imported in Europe; declining by X% against the previous year's figure. 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 in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, glass rear-view vehicle mirror imports fell to $X in 2022. Total imports indicated a modest expansion 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 decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units), distantly followed by Spain (X units), Slovakia (X units), the UK (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 largest importers of glass rear-view mirrors for vehicles, together comprising X% of total imports. Romania (X units) followed a long way behind the leaders.

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%), the UK (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 Europe, 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.), France (X p.p.) and the UK (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 ($X) constitutes the largest market for imported glass rear-view mirrors for vehicles in Europe, comprising X% of total imports. The second position in the ranking was held by Slovakia ($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. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, stabilizing at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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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