South-Eastern Asia: Market for Glass Rear-View Mirrors For Vehicles 2024

Market Size for Glass Rear-View Mirrors For Vehicles in South-Eastern Asia

The Southeast Asian glass rear-view vehicle mirror market expanded sharply to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced contraction. Over the period under review, the market reached the maximum 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 South-Eastern Asia

In value terms, glass rear-view vehicle mirror production fell to $X in 2022 estimated in export price. In general, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Glass Rear-View Mirrors For Vehicles

Exports in South-Eastern Asia

In 2022, shipments abroad of glass rear-view mirrors for vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass rear-view vehicle mirror exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam was the key exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Indonesia (X units) and Singapore (X units), together making up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest glass rear-view vehicle mirror supplying countries in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Singapore ($X), with a combined X% share of total exports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

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

Imports of Glass Rear-View Mirrors For Vehicles

Imports in South-Eastern Asia

Glass rear-view vehicle mirror imports soared to X units in 2022, with an increase of X% compared with 2021. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, glass rear-view vehicle mirror imports totaled $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 years to come.

Imports by Country

The purchases of the three major importers of glass rear-view mirrors for vehicles, namely Indonesia, Vietnam and Malaysia, represented more than two-thirds of total import. The following importers - Singapore (X units) and the Philippines (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 Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 South-Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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