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Nigeria - Glass Rear-View Mirrors For Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Overview of the Market for Glass Rear-View Mirrors For Vehicles 2021

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

After six years of decline, the Nigerien glass rear-view vehicle mirror market increased by X% to $X in 2020. Overall, consumption continues to indicate a resilient expansion. Glass rear-view vehicle mirror consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Nigeria

In 2020, approx. X units of glass rear-view mirrors for vehicles were exported from Nigeria; with a decrease of -X% on the previous year. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X units in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, glass rear-view vehicle mirror exports declined dramatically to $X in 2020. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units), Kenya (X units) and Senegal (X units) were the main destinations of glass rear-view vehicle mirror exports from Nigeria, together accounting for X% of total exports. These countries were followed by Uganda and South Africa, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa, while exports for the other leaders experienced mixed trend patterns.

In value terms, Kenya ($X) emerged as the key foreign market for glass rear-view vehicle mirror exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Uganda, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Kenya totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-X% per year) and Uganda (-X% per year).

Export Prices by Country

In 2020, the average glass rear-view vehicle mirror export price amounted to $X per unit, dropping by -X% against the previous year. Overall, the export price, however, continues to indicate a moderate increase. The growth pace was the most rapid in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per unit in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Kenya ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kenya, while the prices for the other major destinations experienced a decline.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Nigeria

In 2020, purchases abroad of glass rear-view mirrors for vehicles increased by X% to X units, rising for the second year in a row after five years of decline. Overall, imports saw strong growth. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, glass rear-view vehicle mirror imports surged to $X in 2020. Over the period under review, imports continue to indicate a prominent expansion. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest glass rear-view vehicle mirror supplier to Nigeria, accounting for a X% share of total imports. Moreover, glass rear-view vehicle mirror imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of glass rear-view vehicle mirror to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and India (+X% per year).

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2020, shrinking by -X% against the previous year. Overall, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. As a result, import price reached the peak level of $X per unit. from 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass rear-view mirrors for vehicles in the world?
+
China (93M units) remains the largest glass rear-view vehicle mirror consuming country worldwide, accounting for 25% of total volume. Moreover, glass rear-view vehicle mirror consumption in China exceeded the figures recorded by the second-largest consumer, India (37M units), threefold. The third position in this ranking was occupied by Mexico (24M units), with a 6.6% share.
What are the largest producers of glass rear-view mirrors for vehicles in the world?
+
The country with the largest volume of glass rear-view vehicle mirror production was China (129M units), accounting for 34% of total volume. Moreover, glass rear-view vehicle mirror production in China exceeded the figures recorded by the second-largest producer, the U.S. (59M units), twofold. India (32M units) ranked third in terms of total production with a 8.5% share.
What are the leading suppliers of glass rear-view mirrors for vehicles to Nigeria?
+
In value terms, China ($1.8M) constituted the largest supplier of glass rear-view vehicle mirror to Nigeria, comprising 87% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($167K), with a 7.9% share of total imports.
What are the leading importers of glass rear-view mirrors for vehicles from Nigeria?
+
In value terms, Kenya ($2.4K) emerged as the key foreign market for glass rear-view vehicle mirror exports from Nigeria, comprising 88% of total exports. The second position in the ranking was occupied by Democratic Republic of the Congo ($131), with a 4.8% share of total exports. It was followed by Uganda, with a 1.8% share.
What is the average export price for glass rear-view mirrors for vehicles in Nigeria?
+
The average glass rear-view vehicle mirror export price stood at $4 per unit in 2020, falling by -19% against the previous year.
What is the average import price for glass rear-view mirrors for vehicles in Nigeria?
+
The average glass rear-view vehicle mirror import price stood at $11 per unit in 2020, reducing by -6.6% against the previous year.

Product coverage:
• Prodcom 23121350 - Glass rear-view mirrors for vehicles

This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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