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

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

The Finnish glass rear-view vehicle mirror market shrank remarkably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, saw a strong increase. Glass rear-view vehicle mirror 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 Finland

In value terms, glass rear-view vehicle mirror production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Glass rear-view vehicle mirror production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Glass Rear-View Mirrors For Vehicles

Exports from Finland

Glass rear-view vehicle mirror exports from Finland stood at X units in 2022, with an increase of X% on 2021. In general, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass rear-view vehicle mirror exports rose markedly to $X in 2022. Over the period under review, exports posted a perceptible increase. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), Estonia (X units) and Sweden (X units) were the main destinations of glass rear-view vehicle mirror exports from Finland, together comprising X% of total exports. The Netherlands, Turkey, Norway, Russia, Poland, Canada and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Estonia ($X) remains the key foreign market for glass rear-view mirrors for vehicles exports from Finland, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average glass rear-view vehicle mirror export price amounted to $X per unit, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Finland

In 2022, imports of glass rear-view mirrors for vehicles into Finland dropped remarkably to X units, waning by X% compared with the year before. Over the period under review, imports, however, posted significant growth. 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 2021, and then plummeted in the following year.

In value terms, glass rear-view vehicle mirror imports shrank sharply to $X in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Hungary (X units) and the United States (X units) were the main suppliers of glass rear-view vehicle mirror imports to Finland, together comprising X% of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Finland, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Hungary, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Hungary (X% per year).

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a abrupt slump. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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