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

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

In 2022, the Egyptian glass rear-view vehicle mirror market decreased by -6.6% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a abrupt curtailment. Glass rear-view vehicle mirror consumption peaked 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 Egypt

In 2022, after ten years of growth, there was significant decline in shipments abroad of glass rear-view mirrors for vehicles, when their volume decreased by -37.6% to X units. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 253%. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, glass rear-view vehicle mirror exports fell dramatically to $X in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 263%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Saudi Arabia (X units) was the main destination for glass rear-view vehicle mirror exports from Egypt, with a 178% share of total exports. Moreover, glass rear-view vehicle mirror exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. The third position in this ranking was taken by Turkey (X units), with a 27% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+25.2% per year) and Turkey (+40.2% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for glass rear-view mirrors for vehicles exports from Egypt, comprising 53% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Turkey, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +48.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+50.1% per year) and Turkey (+55.7% per year).

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at $X per unit in 2021, increasing by 2.7% against the previous year. Over the period under review, the export price enjoyed a tangible increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Kenya ($X per unit) and Lebanon ($X per unit), while the average price for exports to Turkey ($X per unit) and Saudi Arabia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+48.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Egypt

In 2022, supplies from abroad of glass rear-view mirrors for vehicles decreased by -20.3% to X units, falling for the third year in a row after two years of growth. In general, imports saw a pronounced slump. The pace of growth was the most pronounced in 2018 when imports increased by 184% against the previous year. Over the period under review, imports reached 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 amounted to $X in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of glass rear-view vehicle mirror to Egypt, with a 181% share of total imports. Moreover, glass rear-view vehicle mirror imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was held by Japan (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-21.0% per year) and Japan (+15.1% per year).

In value terms, China ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Egypt, comprising 54% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.1% per year) and Taiwan (Chinese) (-18.5% per year).

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2021, growing by 9.5% against the previous year. In general, the import price, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 104%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, 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 Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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