U.S.: Market for Glass Rear-View Mirrors For Vehicles 2022

Market Size for Glass Rear-View Mirrors For Vehicles in the U.S.

After two years of decline, the U.S. glass rear-view vehicle mirror market increased by X% to $X in 2021. In general, consumption recorded a buoyant increase. Glass rear-view vehicle mirror consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Glass Rear-View Mirrors For Vehicles in the U.S.

In value terms, glass rear-view vehicle mirror production expanded remarkably to $X in 2021. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from the U.S.

In 2021, approx. X units of glass rear-view mirrors for vehicles were exported from the United States; with an increase of X% against the previous year's figure. Over the period under review, exports, however, showed a mild setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass rear-view vehicle mirror exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; 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%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for glass rear-view vehicle mirror exports from the United States, with a X% share of total exports. Moreover, glass rear-view vehicle mirror exports to Germany exceeded the volume sent to the second major destination, Japan (X units), twofold. China (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and China (+X% per year).

In value terms, Germany ($X) remains the key foreign market for glass rear-view vehicle mirror exports from the United States, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and China (+X% per year).

Export Prices by Country

In 2021, the average glass rear-view vehicle mirror export price amounted to $X per unit, waning by -X% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass rear-view vehicle mirror export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Brazil ($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 Canada (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into the U.S.

In 2021, supplies from abroad of glass rear-view mirrors for vehicles increased by X% to X units, rising for the third year in a row after four years of decline. Overall, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass rear-view vehicle mirror imports surged to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of glass rear-view vehicle mirror to the United States, with a X% share of total imports. Moreover, glass rear-view vehicle mirror imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Mexico (X units), twofold. The third position in this ranking was held by South Korea (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and South Korea (+X% per year).

In value terms, Mexico ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the largest glass rear-view vehicle mirror suppliers to the United States, with a combined X% share of total imports. These countries were followed by China, Australia, Japan and Thailand, which together accounted for a further X terms of the main suppliers, Thailand, with a CAGR of +X%, recorded 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, shrinking by -X% against the previous year. In general, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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