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

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

In 2023, the African glass rear-view vehicle mirror market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Glass Rear-View Mirrors For Vehicles in Africa

In value terms, glass rear-view vehicle mirror production dropped to $X in 2023 estimated in export price. Overall, production, however, saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports in Africa

In 2023, overseas shipments of glass rear-view mirrors for vehicles increased by X% to X units, rising for the fifth year in a row after three years of decline. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, glass rear-view vehicle mirror exports surged to $X in 2023. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

Morocco represented the main exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Nigeria (X units) and South Africa (X units), together committing a X% share of total exports. Egypt (X units) held a minor share of total exports.

Morocco was also the fastest-growing in terms of the glass rear-view mirrors for vehicles exports, with a CAGR of X% from 2012 to 2023. At the same time, Nigeria (X%) and Egypt (X%) displayed positive paces of growth. By contrast, South Africa (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Egypt (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, Morocco ($X) remains the largest glass rear-view vehicle mirror supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Egypt, with an X% share.

In Morocco, glass rear-view vehicle mirror exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports in Africa

In 2023, purchases abroad of glass rear-view mirrors for vehicles increased by X% to X units, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, glass rear-view vehicle mirror imports soared to $X in 2023. Total imports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, South Africa (X units) and Morocco (X units) were the main importers of glass rear-view mirrors for vehicles in Africa, together making up X% of total imports. Tanzania (X units) ranks next in terms of the total imports with a X% share, followed by Kenya (X%). The following importers - Ethiopia (X units), Ghana (X units), Algeria (X units), Burkina Faso (X units), Benin (X units), Democratic Republic of the Congo (X units), Mozambique (X units), Cote d'Ivoire (X units) and Sudan (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Morocco ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Ethiopia, Kenya, Tanzania, Sudan, Cote d'Ivoire, Ghana, Benin, Mozambique, Democratic Republic of the Congo and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Benin, with a CAGR of X%, 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 import price in Africa stood at $X per unit in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sudan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform