Middle East: Market for Glass Rear-View Mirrors For Vehicles 2024

Market Size for Glass Rear-View Mirrors For Vehicles in the Middle East

In 2022, the Middle Eastern glass rear-view vehicle mirror market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Glass Rear-View Mirrors For Vehicles in the Middle East

In value terms, glass rear-view vehicle mirror production totaled $X in 2022 estimated in export price. Overall, production, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Glass Rear-View Mirrors For Vehicles

Exports in the Middle East

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 strong increase. 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 skyrocketed to $X in 2022. In general, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the key exporter of glass rear-view mirrors for vehicles in the Middle East, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), mixing up a X% share of total exports. Iran (X units) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. 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 largest glass rear-view vehicle mirror supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Imports of Glass Rear-View Mirrors For Vehicles

Imports in the Middle East

In 2022, overseas purchases of glass rear-view mirrors for vehicles increased by X% to X units, rising for the seventh consecutive year after two years of decline. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, glass rear-view vehicle mirror imports rose markedly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Turkey was the key importer of glass rear-view mirrors for vehicles in the Middle East, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Israel (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Iraq (X%) and Iran (X%). The following importers - Yemen (X units) and Kuwait (X units) - each finished at a X% share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%), Yemen (X%), Israel (X%), the United Arab Emirates (X%), Iran (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Israel (X p.p.), Iraq (X p.p.), the United Arab Emirates (X p.p.), Yemen (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kuwait (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Turkey was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price recorded a deep reduction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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