Denmark: Market for Glass Rear-View Mirrors For Vehicles 2025

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

After four years of growth, the Danish glass rear-view vehicle mirror market decreased by -3.9% to $X in 2022. Overall, consumption, however, showed a prominent increase. Glass rear-view vehicle mirror consumption peaked at $X in 2021, and then contracted modestly in the following year.

Production of Glass Rear-View Mirrors For Vehicles in Denmark

In value terms, glass rear-view vehicle mirror production rose slightly to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 39% against the previous year. Glass rear-view vehicle mirror production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Denmark

After ten years of growth, shipments abroad of glass rear-view mirrors for vehicles decreased by -14.9% to X units in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, glass rear-view vehicle mirror exports contracted to $X in 2022. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Norway (X units), Sweden (X units) and Germany (X units) were the main destinations of glass rear-view vehicle mirror exports from Denmark.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +138.1%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Germany ($X) were the largest markets for glass rear-view vehicle mirror exported from Denmark worldwide, with a combined 74% share of total exports. Finland, Hungary, France and Iceland lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Iceland, with a CAGR of +92.6%, saw the highest rates of growth with regard to 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 2021, with an increase of 2.5% against the previous year. Over the period under review, the export price posted measured growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Denmark

In 2022, after four years of growth, there was significant decline in purchases abroad of glass rear-view mirrors for vehicles, when their volume decreased by -5.6% to X units. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 122%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, glass rear-view vehicle mirror imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, imports attained the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of glass rear-view vehicle mirror to Denmark, accounting for a 30% share of total imports. Moreover, glass rear-view vehicle mirror imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by China (X units), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and China (+17.2% per year).

In value terms, Germany ($X), Taiwan (Chinese) ($X) and Sweden ($X) appeared to be the largest glass rear-view vehicle mirror suppliers to Denmark, together comprising 61% of total imports. The Netherlands, Belgium, France, the UK, Poland, China, Spain, Turkey and Italy lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Poland, with a CAGR of +80.2%, 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

The average glass rear-view vehicle mirror import price stood at $X per unit in 2021, increasing by 9.5% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by 104%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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