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

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

After four years of decline, the Scandinavia glass rear-view vehicle mirror market increased by X% to $X in 2023. The total consumption indicated moderate growth 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, consumption decreased by X% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Glass Rear-View Mirrors For Vehicles in Scandinavia

In value terms, glass rear-view vehicle mirror production declined significantly to $X in 2023 estimated in export price. Over the period under review, production saw a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports in Scandinavia

In 2023, glass rear-view vehicle mirror exports in Scandinavia declined modestly to X units, approximately mirroring 2022 figures. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, glass rear-view vehicle mirror exports surged to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

Sweden prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2023. Finland (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Norway (X%).

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2023. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. By contrast, Finland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Finland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per unit, growing by X% against the previous year. Overall, the export price posted prominent growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to continue growth in the near future.

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 Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glass Rear-View Mirrors For Vehicles

Imports in Scandinavia

In 2023, purchases abroad of glass rear-view mirrors for vehicles increased by X% to X units for the first time since 2018, thus ending a four-year declining trend. In general, imports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, glass rear-view vehicle mirror imports rose markedly to $X in 2023. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Sweden represented the major importer of glass rear-view mirrors for vehicles in Scandinavia, with the volume of imports accounting for X units, which was approx. X% of total imports in 2023. Norway (X units) took the second position in the ranking, followed by Finland (X units). All these countries together took near X% share of total imports.

Imports into Sweden decreased at an average annual rate of X% from 2012 to 2023. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. Finland experienced a relatively flat trend pattern. Norway (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported glass rear-view mirrors for vehicles in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform