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

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

The Scandinavia glass rear-view vehicle mirror market dropped to $X in 2022, waning by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Glass Rear-View Mirrors For Vehicles in Scandinavia

In value terms, glass rear-view vehicle mirror production contracted to $X in 2022 estimated in export price. In general, production recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports in Scandinavia

In 2022, after two years of growth, there was significant decline in shipments abroad of glass rear-view mirrors for vehicles, when their volume decreased by X% to X units. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass rear-view vehicle mirror exports declined to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden represented the key exporter of glass rear-view mirrors for vehicles in Scandinavia, with the volume of exports recording X units, which was near X% of total exports in 2022. It was distantly followed by Finland (X units), comprising an X% share of total exports. Norway (X units) held a minor share of total exports.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Finland (X%) illustrated a downward trend over the same period. While the share of Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest glass rear-view vehicle mirror supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to X%. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, approximately mirroring the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass rear-view vehicle mirror export price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Imports of Glass Rear-View Mirrors For Vehicles

Imports in Scandinavia

In 2022, the amount of glass rear-view mirrors for vehicles imported in Scandinavia contracted to X units, shrinking by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, glass rear-view vehicle mirror imports declined to $X in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) represented the largest importer of glass rear-view mirrors for vehicles, achieving X% of total imports. Finland (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Norway (X%).

Imports into Sweden increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Finland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported glass rear-view mirrors for vehicles in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with an X% share of total imports.

In Sweden, glass rear-view vehicle mirror imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 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 Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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