Western Africa: Market for Glass Rear-View Mirrors For Vehicles 2024

Market Size for Glass Rear-View Mirrors For Vehicles in Western Africa

The West African glass rear-view vehicle mirror market expanded to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Glass Rear-View Mirrors For Vehicles in Western Africa

In value terms, glass rear-view vehicle mirror production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Glass Rear-View Mirrors For Vehicles

Exports in Western Africa

In 2022, overseas shipments of glass rear-view mirrors for vehicles decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, glass rear-view vehicle mirror exports shrank sharply to $X in 2022. In general, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

In 2022, Nigeria (X units) represented the key exporter of glass rear-view mirrors for vehicles, generating X% of total exports. It was distantly followed by Benin (X units), generating a X% share of total exports. Ghana (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass rear-view vehicle mirror exports from Nigeria stood at X%. At the same time, Benin (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Benin, Nigeria and Ghana increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Nigeria, glass rear-view vehicle mirror exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Imports of Glass Rear-View Mirrors For Vehicles

Imports in Western Africa

Glass rear-view vehicle mirror imports soared to X units in 2022, growing by X% compared with 2021. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, glass rear-view vehicle mirror imports skyrocketed to $X in 2022. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Cote d'Ivoire (X units) was the largest importer of glass rear-view mirrors for vehicles, mixing up X% of total imports. Ghana (X units) ranks second in terms of the total imports with a X% share, followed by Benin (X%). The following importers - Guinea (X units) and Gambia (X units) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Gambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported glass rear-view mirrors for vehicles in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Benin, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Benin (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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