
Sweden - Glass Rear-View Mirrors for Vehicles - Market Analysis, Forecast, Size, Trends and Insights
Sweden: Market for Glass Rear-View Mirrors For Vehicles 2023
Market Size for Glass Rear-View Mirrors For Vehicles in Sweden
The Swedish glass rear-view vehicle mirror market skyrocketed to $X in 2021, rising by 27% against the previous year. Overall, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.
Production of Glass Rear-View Mirrors For Vehicles in Sweden
In value terms, glass rear-view vehicle mirror production amounted to $X in 2021 estimated in export price. Over the period under review, production faced a sharp downturn. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9% against the previous year. Glass rear-view vehicle mirror production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.
Exports of Glass Rear-View Mirrors For Vehicles
Exports from Sweden
In 2021, the amount of glass rear-view mirrors for vehicles exported from Sweden rose to X units, increasing by 3.1% against the previous year. In general, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.8% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 56%. The exports peaked in 2021 and are expected to retain growth in the near future.
In value terms, glass rear-view vehicle mirror exports soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
Norway (X units), the UK (X units) and Finland (X units) were the main destinations of glass rear-view vehicle mirror exports from Sweden, together comprising 28% of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +14.6%), while the other leaders experienced more modest paces of growth.
In value terms, China ($X), Norway ($X) and the UK ($X) were the largest markets for glass rear-view vehicle mirror exported from Sweden worldwide, with a combined 40% share of total exports.
The UK, with a CAGR of +14.9%, saw the highest growth rate of 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 2021, the average glass rear-view vehicle mirror export price amounted to $X per unit, rising by 30% against the previous year. In general, the export price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Rear-View Mirrors For Vehicles
Imports into Sweden
In 2021, imports of glass rear-view mirrors for vehicles into Sweden was estimated at X units, with an increase of 13% compared with the year before. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 59%. Imports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, glass rear-view vehicle mirror imports expanded sharply to $X in 2021. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
Germany (X units), Spain (X units) and the United States (X units) were the main suppliers of glass rear-view vehicle mirror imports to Sweden, together comprising 36% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +50.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Spain ($X), Germany ($X) and the United States ($X) appeared to be the largest glass rear-view vehicle mirror suppliers to Sweden, together accounting for 85% of total imports.
Spain, with a CAGR of +71.4%, recorded 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 2021, the average glass rear-view vehicle mirror import price amounted to $X per unit, reducing by -5.3% against the previous year. In general, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2016 an increase of 35%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Sweden. 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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