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

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

The Israeli glass rear-view vehicle mirror market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Glass Rear-View Mirrors For Vehicles in Israel

In value terms, glass rear-view vehicle mirror production expanded notably to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Glass rear-view vehicle mirror production peaked in 2022 and is likely to see steady growth in the near future.

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Exports of Glass Rear-View Mirrors For Vehicles

Exports from Israel

In 2022, shipments abroad of glass rear-view mirrors for vehicles increased by X% to X units, rising for the second year in a row after four years of decline. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, glass rear-view vehicle mirror exports soared to $X in 2022. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units), Sweden (X units) and the Netherlands (X units) were the main destinations of glass rear-view vehicle mirror exports from Israel, together comprising X% of total exports.

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

In value terms, the largest markets for glass rear-view vehicle mirror exported from Israel were China ($X), Sweden ($X) and the Netherlands ($X), together comprising X% of total exports.

In terms of the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 average glass rear-view vehicle mirror export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per unit) and Sweden ($X per unit), while the average price for exports to France ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Israel

In 2022, the amount of glass rear-view mirrors for vehicles imported into Israel totaled X units, approximately mirroring the previous year. Overall, imports posted buoyant growth. The smallest decline of X% was in 2019. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, glass rear-view vehicle mirror imports soared to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Taiwan (Chinese) (X units), Belgium (X units) and Germany (X units) were the main suppliers of glass rear-view vehicle mirror imports to Israel, with a combined X% share of total imports. China, the United States, the United Arab Emirates, Japan, South Korea, Turkey, Italy, France, the UK and Singapore lagged somewhat behind, together accounting for a further X%.

From 2018 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass rear-view vehicle mirror suppliers to Israel were Taiwan (Chinese) ($X), Belgium ($X) and Germany ($X), together accounting for X% of total imports. China, the United States, the United Arab Emirates, Japan, South Korea, Turkey, Italy, France, the UK and Singapore lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2019 a decrease of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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