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

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

The Jordanian glass rear-view vehicle mirror market dropped dramatically to $X in 2022, with a decrease of -92.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Jordan

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 -6% to X units. Overall, exports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, glass rear-view vehicle mirror exports dropped to $X in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 821%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X units) was the main destination for glass rear-view vehicle mirror exports from Jordan, with a 286% share of total exports. Moreover, glass rear-view vehicle mirror exports to Israel exceeded the volume sent to the second major destination, Free Zones (X units), fourfold. Hong Kong SAR (X units) ranked third in terms of total exports with a 47% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel amounted to +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+24.3% per year) and Hong Kong SAR (0.0% per year).

In value terms, Israel ($X) remains the key foreign market for glass rear-view mirrors for vehicles exports from Jordan, comprising 46% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 21% share of total exports. It was followed by Free Zones, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel stood at +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and Free Zones (+23.8% per year).

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at $X per unit in 2021, increasing by 2.6% against the previous year. Over the period under review, the export price continues to indicate a perceptible 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 Hong Kong SAR ($X per unit), while the average price for exports to Saudi Arabia ($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 Israel (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Jordan

In 2022, approx. X units of glass rear-view mirrors for vehicles were imported into Jordan; reducing by -91.9% on 2021. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 275% against the previous year. Imports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, glass rear-view vehicle mirror imports declined significantly to $X in 2022. Overall, imports faced a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 90% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Egypt (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of glass rear-view vehicle mirror imports to Jordan.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +59.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass rear-view vehicle mirror suppliers to Jordan were Japan ($X), South Korea ($X) and China ($X), with a combined 32% share of total imports.

Japan, with a CAGR of +48.4%, saw the highest growth rate of 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. In general, the import price, however, saw a abrupt 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 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 South Korea (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform