Northern America: Market for Glass Rear-View Mirrors For Vehicles 2024

Market Size for Glass Rear-View Mirrors For Vehicles in Northern America

The North American glass rear-view vehicle mirror market reduced rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Glass Rear-View Mirrors For Vehicles in Northern America

In value terms, glass rear-view vehicle mirror production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Glass Rear-View Mirrors For Vehicles

Exports in Northern America

In 2022, approx. X units of glass rear-view mirrors for vehicles were exported in Northern America; rising by X% against the previous year's figure. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, glass rear-view vehicle mirror exports expanded remarkably 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; afterwards, it flattened through to 2022.

Exports by Country

The United States (X units) represented roughly X% of total exports in 2022.

The United States 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. From 2012 to 2022, the share of the United States increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest glass rear-view vehicle mirror supplier in Northern America.

In the United States, glass rear-view vehicle mirror exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Glass Rear-View Mirrors For Vehicles

Imports in Northern America

In 2022, purchases abroad of glass rear-view mirrors for vehicles decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, glass rear-view vehicle mirror imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importer of glass rear-view mirrors for vehicles in Northern America, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X units), constituting an X% share of total imports.

The United States 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. Canada experienced a relatively flat trend pattern. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2022.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, showed a abrupt decrease. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :