Turkey: Market for Glass Rear-View Mirrors For Vehicles 2023

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

After two years of growth, the Turkish glass rear-view vehicle mirror market decreased by -10.4% to $X in 2021. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.6% against 2018 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Glass Rear-View Mirrors For Vehicles in Turkey

In value terms, glass rear-view vehicle mirror production dropped slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +34.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 83%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Turkey

In 2021, approx. X units of glass rear-view mirrors for vehicles were exported from Turkey; rising by 44% on the year before. Over the period under review, exports continue to indicate a prominent 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 2021. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Russia (X units) and Germany (X units) were the main destinations of glass rear-view vehicle mirror exports from Turkey, with a combined 41% share of total exports. Poland, the UK, Italy, Belgium, Slovenia, Morocco, Israel, Japan, Spain and Iran lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +63.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for glass rear-view mirrors for vehicles exports from Turkey, comprising 21% of total exports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total exports. It was followed by Russia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.8% per year) and Russia (+6.1% per year).

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at $X per unit in 2021, rising by 3.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to Russia ($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 Slovenia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Turkey

In 2021, purchases abroad of glass rear-view mirrors for vehicles increased by 6.9% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 7.7%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, glass rear-view vehicle mirror imports rose significantly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of glass rear-view vehicle mirror to Turkey, accounting for a 41% share of total imports. Moreover, glass rear-view vehicle mirror imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), threefold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+49.0% per year) and Germany (-5.3% per year).

In value terms, the largest glass rear-view vehicle mirror suppliers to Turkey were China ($X), the United States ($X) and Slovakia ($X), together accounting for 53% of total imports.

Among the main suppliers, Slovakia, with a CAGR of +32.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2021, growing by 5.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for China ($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 (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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