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

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

The GCC glass rear-view vehicle mirror market reached $X in 2022, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Glass Rear-View Mirrors For Vehicles in GCC

In value terms, glass rear-view vehicle mirror production rose notably to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Glass Rear-View Mirrors For Vehicles

Exports in GCC

In 2022, shipments abroad of glass rear-view mirrors for vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass rear-view vehicle mirror exports surged to $X in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. The following exporters - Kuwait (X units) and Bahrain (X units) - together made up X% of total exports.

The United Arab Emirates was also the fastest-growing in terms of the glass rear-view mirrors for vehicles exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. By contrast, Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kuwait (X p.p.) and Bahrain (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest glass rear-view vehicle mirror supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Imports of Glass Rear-View Mirrors For Vehicles

Imports in GCC

In 2022, approx. X units of glass rear-view mirrors for vehicles were imported in GCC; dropping by X% on the previous year's figure. Over the period under review, imports, however, showed resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, glass rear-view vehicle mirror imports shrank to $X in 2022. Overall, imports showed a slight decrease. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) was the largest importer of glass rear-view mirrors for vehicles, generating X% of total imports. Kuwait (X units) took the second position in the ranking, distantly followed by Oman (X units). All these countries together took near X% share of total imports. The following importers - Qatar (X units) and Bahrain (X units) - together made up X% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the glass rear-view mirrors for vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%), Kuwait (X%) and Qatar (X%) displayed positive paces of growth. By contrast, Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported glass rear-view mirrors for vehicles in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, glass rear-view vehicle mirror imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price recorded a deep contraction. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :