Report Update Nov 1, 2024

Azerbaijan - Glass Rear-View Mirrors for Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Azerbaijani glass rear-view vehicle mirror market declined slightly to $X in 2022, reducing by -1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a significant increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Azerbaijan

In 2022, approx. X units of glass rear-view mirrors for vehicles were exported from Azerbaijan; reducing by -33.3% on the previous year's figure. Overall, exports continue to indicate a deep contraction. Over the period under review, the exports hit record highs at X units in 2021, and then reduced rapidly in the following year.

In value terms, glass rear-view vehicle mirror exports shrank to $X in 2022. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 677%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X units) was the main destination for glass rear-view vehicle mirror exports from Azerbaijan, with a approx. 350% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia totaled -13.8%.

In value terms, Georgia ($X) also remains the key foreign market for glass rear-view mirrors for vehicles exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia was relatively modest.

Export Prices by Country

In 2022, the average glass rear-view vehicle mirror export price amounted to $X per unit, with an increase of 28% against the previous year. Overall, the export price enjoyed a notable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +1,570.0% per year.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Azerbaijan

In 2022, approx. X units of glass rear-view mirrors for vehicles were imported into Azerbaijan; falling by -12.1% on the previous year's figure. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 3,782%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, glass rear-view vehicle mirror imports soared to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 1,835%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Russia (X units), China (X units) and Germany (X units) were the main suppliers of glass rear-view vehicle mirror imports to Azerbaijan.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +127.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and Turkey ($X) were the largest glass rear-view vehicle mirror suppliers to Azerbaijan, with a combined 52% share of total imports. Germany, South Korea, Japan, the United Arab Emirates and Iran lagged somewhat behind, together accounting for a further 27%.

South Korea, with a CAGR of +111.4%, recorded the highest growth rate of the value of imports, among the main suppliers 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 33% against the previous year. Over the period under review, the import price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 104% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass rear-view mirrors for vehicles in the world?

The country with the largest volume of glass rear-view vehicle mirror consumption was China, comprising approx. 25% of total volume. Moreover, glass rear-view vehicle mirror consumption in China exceeded the figures recorded by the second-largest consumer, Italy, twofold. The third position in this ranking was occupied by India, with a 9.9% share.

What are the largest producers of glass rear-view mirrors for vehicles in the world?

China remains the largest glass rear-view vehicle mirror producing country worldwide, accounting for 32% of total volume. Moreover, glass rear-view vehicle mirror production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Italy ranked third in terms of total production with an 11% share.

What are the leading suppliers of glass rear-view mirrors for vehicles to Azerbaijan?

In value terms, Russia, China and Turkey constituted the largest glass rear-view vehicle mirror suppliers to Azerbaijan, together comprising 61% of total imports.

What is the average export price for glass rear-view mirrors for vehicles in Azerbaijan?

In 2020, the average glass rear-view vehicle mirror export price amounted to $42 per unit, increasing by 369% against the previous year.

What is the average import price for glass rear-view mirrors for vehicles in Azerbaijan?

In 2020, the average glass rear-view vehicle mirror import price amounted to $5.3 per unit, waning by -10.5% against the previous year.

This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23121350 - Glass rear-view mirrors for vehicles

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023