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

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

For the fifth consecutive year, the Italian glass rear-view vehicle mirror market recorded growth in sales value, which increased by 1.1% to $X in 2022. In general, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Glass Rear-View Mirrors For Vehicles in Italy

In value terms, glass rear-view vehicle mirror production expanded to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 374%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Italy

After ten years of growth, shipments abroad of glass rear-view mirrors for vehicles decreased by -9.5% to X units in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 23% 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 rose modestly to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X units), Mexico (X units) and Spain (X units) were the main destinations of glass rear-view vehicle mirror exports from Italy.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +34.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Mexico ($X) and Germany ($X) were the largest markets for glass rear-view vehicle mirror exported from Italy worldwide, with a combined 57% share of total exports.

Mexico, with a CAGR of +34.3%, recorded the highest rates of growth with regard to the value of exports, among 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

The average glass rear-view vehicle mirror export price stood at $X per unit in 2021, rising by 2.7% against the previous year. Overall, the export price enjoyed a temperate expansion. As a result, the export price attained 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 the United States ($X per unit), while the average price for exports to the UK ($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 Brazil (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Italy

In 2022, glass rear-view vehicle mirror imports into Italy declined to X units, dropping by -10.3% against the year before. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 129%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, glass rear-view vehicle mirror imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), Taiwan (Chinese) (X units) and China (X units) were the main suppliers of glass rear-view vehicle mirror imports to Italy, together comprising 64% of total imports. Slovakia, Poland, Hungary, Germany, the United States and France lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +61.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Taiwan (Chinese) ($X) and Slovakia ($X) were the largest glass rear-view vehicle mirror suppliers to Italy, with a combined 51% share of total imports.

Slovakia, with a CAGR of +63.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, saw a deep contraction. 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 failed to regain momentum.

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 Hungary (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :