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

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

The Italian glass rear-view vehicle mirror market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption continues to indicate significant growth. Glass rear-view vehicle mirror consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Glass Rear-View Mirrors For Vehicles in Italy

In value terms, glass rear-view vehicle mirror production amounted to $X in 2022 estimated in export price. In general, production recorded significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Glass rear-view vehicle mirror production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Glass Rear-View Mirrors For Vehicles

Exports from Italy

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 two years of decline. The total export 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 pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, glass rear-view vehicle mirror exports expanded to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), France (X units) and Spain (X units) were the main destinations of glass rear-view vehicle mirror exports from Italy, together comprising X% of total exports.

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

In value terms, France ($X), Mexico ($X) and Germany ($X) constituted the largest markets for glass rear-view vehicle mirror exported from Italy worldwide, with a combined X% share of total exports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average glass rear-view vehicle mirror export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price showed a mild slump. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Switzerland ($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 Belgium (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 Italy

In 2022, overseas purchases of glass rear-view mirrors for vehicles increased by X% to X units, rising for the second consecutive year after four years of decline. 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, glass rear-view vehicle mirror imports stood at $X in 2022. The total import value 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 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Spain (X units) were the main suppliers of glass rear-view vehicle mirror imports to Italy, with a combined X% share of total imports. Slovakia, Hungary, the United States, Poland, Vietnam, Germany, France and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest glass rear-view vehicle mirror suppliers to Italy were Spain ($X), Taiwan (Chinese) ($X) and China ($X), together comprising X% of total imports. Germany, the United States, Slovakia, Hungary, Poland, France, Vietnam and Turkey lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average glass rear-view vehicle mirror import price amounted to $X per unit, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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