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

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

The Finnish glass rear-view vehicle mirror market shrank to $X in 2022, with a decrease of -10.8% against the previous year. Over the period under review, consumption, however, posted a significant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Glass Rear-View Mirrors For Vehicles in Finland

In value terms, glass rear-view vehicle mirror production fell to $X in 2022 estimated in export price. In general, production, however, showed a precipitous descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 12% against the previous year. Glass rear-view vehicle mirror production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Finland

In 2022, shipments abroad of glass rear-view mirrors for vehicles decreased by -10.4% to X units for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 26%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, glass rear-view vehicle mirror exports expanded significantly to $X in 2022. In general, exports, however, posted a temperate increase. The growth pace was the most rapid in 2015 when exports increased by 122% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X units), Sweden (X units) and the Netherlands (X units) were the main destinations of glass rear-view vehicle mirror exports from Finland.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +81.8%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), the Netherlands ($X) and Sweden ($X) appeared to be the largest markets for glass rear-view vehicle mirror exported from Finland worldwide, together comprising 49% of total exports.

The Netherlands, with a CAGR of +76.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average glass rear-view vehicle mirror export price amounted to $X per unit, rising by 2.6% against the previous year. In general, the export price recorded a tangible expansion. 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 South Africa ($X per unit), while the average price for exports to Turkey ($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 South Africa (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Finland

In 2022, the amount of glass rear-view mirrors for vehicles imported into Finland contracted to X units, waning by -4.3% compared with the previous year. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 178% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, glass rear-view vehicle mirror imports declined sharply to $X in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 262% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest glass rear-view vehicle mirror supplier to Finland, accounting for a 22% share of total imports. Moreover, glass rear-view vehicle mirror imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold. The United States (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+175.1% per year) and the United States (+62.0% per year).

In value terms, Germany ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Finland, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Hungary, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +43.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+58.4% per year) and Hungary (+159.7% per year).

Import Prices by Country

In 2021, the average glass rear-view vehicle mirror import price amounted to $X per unit, rising by 9.5% against the previous year. In general, the import price, however, showed a deep setback. 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 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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