Report Update Nov 1, 2024

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

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

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

In 2022, after four years of growth, there was decline in the Bulgarian glass rear-view vehicle mirror market, when its value decreased by -1.8% to $X. In general, consumption, however, saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced modestly in the following year.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Bulgaria

After ten years of growth, overseas shipments of glass rear-view mirrors for vehicles decreased by -8.9% to X units in 2022. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, glass rear-view vehicle mirror exports surged to $X in 2022. Over the period under review, exports recorded a noticeable decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X units), Germany (X units) and Romania (X units) were the main destinations of glass rear-view vehicle mirror exports from Bulgaria.

From 2012 to 2022, the biggest increases were recorded for Kosovo (with a CAGR of +164.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for glass rear-view mirrors for vehicles exports from Bulgaria, comprising 26% of total exports. The second position in the ranking was held by Serbia ($X), with a 13% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+23.2% per year) and Germany (+15.1% per year).

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at $X per unit in 2022, surging by 77% against the previous year. Overall, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Bulgaria

In 2022, after four years of growth, there was significant decline in supplies from abroad of glass rear-view mirrors for vehicles, when their volume decreased by -12% to X units. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 103% against the previous year. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, glass rear-view vehicle mirror imports surged to $X in 2022. In general, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X units), Turkey (X units) and China (X units) were the main suppliers of glass rear-view vehicle mirror imports to Bulgaria.

From 2012 to 2022, the biggest increases were recorded for Malta (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Bulgaria, comprising 29% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by China, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.5% per year) and China (+9.6% per year).

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2022, increasing by 34% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 104%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malta (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest glass rear-view vehicle mirror consuming country worldwide, 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?

The country with the largest volume of glass rear-view vehicle mirror production was China, comprising approx. 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 Bulgaria?

In value terms, the largest glass rear-view vehicle mirror suppliers to Bulgaria were Poland, France and Turkey, with a combined 65% share of total imports.

What are the leading importers of glass rear-view mirrors for vehicles from Bulgaria?

In value terms, Romania, France and Turkey constituted the largest markets for glass rear-view vehicle mirror exported from Bulgaria worldwide, together comprising 58% of total exports. These countries were followed by Greece, Italy, North Macedonia, Serbia, Kosovo, Mauritania and Iraq, which together accounted for a further 15%.

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

In 2020, the average glass rear-view vehicle mirror export price amounted to $24 per unit, increasing by 59% against the previous year.

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

In 2020, the average glass rear-view vehicle mirror import price amounted to $12 per unit, dropping by -17.7% against the previous year.

This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Bulgaria. 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:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
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