U.S.: Market for Glass Rear-View Mirrors For Vehicles 2024

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

The U.S. glass rear-view vehicle mirror market contracted remarkably to $X in 2022, reducing by X% against the previous year. In general, consumption recorded a abrupt decrease. Glass rear-view vehicle mirror consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, glass rear-view vehicle mirror production contracted to $X in 2022. Overall, production showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Glass Rear-View Mirrors For Vehicles

Exports from the U.S.

For the eleventh year in a row, the United States recorded growth in overseas shipments of glass rear-view mirrors for vehicles, which increased by X% to X units in 2022. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, glass rear-view vehicle mirror exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; afterwards, it flattened through to 2022.

Exports by Country

Germany (X units), China (X units) and Japan (X units) were the main destinations of glass rear-view vehicle mirror exports from the United States, together accounting for X% of total exports. Mexico, Canada, South Korea and Brazil lagged somewhat behind, together comprising a further X%.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass rear-view vehicle mirror exported from the United States were Germany ($X), Japan ($X) and Canada ($X), with a combined X% share of total exports. China, Mexico, South Korea and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at $X per unit in 2022, remaining stable against the previous year. Over the period under review, the export price, however, saw a noticeable setback. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (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.

After ten years of growth, supplies from abroad of glass rear-view mirrors for vehicles decreased by X% to X units in 2022. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, glass rear-view vehicle mirror imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Taiwan (Chinese) (X units), Mexico (X units) and Thailand (X units) were the main suppliers of glass rear-view vehicle mirror imports to the United States, together comprising X% of total imports.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass rear-view vehicle mirror suppliers to the United States were Mexico ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main suppliers, Mexico, 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

In 2022, the average glass rear-view vehicle mirror import price amounted to $X per unit, picking up by X% against the previous year. Overall, import price indicated temperate growth from 2020 to 2022: its price increased at an average annual rate of X% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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