Report Update Nov 1, 2024

Morocco - Glass Rear-View Mirrors for Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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

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

For the fifth consecutive year, the Moroccan glass rear-view vehicle mirror market recorded growth in sales value, which increased by 54% to $X in 2022. Overall, consumption saw significant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Morocco

For the eleventh consecutive year, Morocco recorded growth in overseas shipments of glass rear-view mirrors for vehicles, which increased by 197% to X units in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 728% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, glass rear-view vehicle mirror exports soared to $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 5,933% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for glass rear-view vehicle mirror exports from Morocco, with a 987% share of total exports. Moreover, glass rear-view vehicle mirror exports to Spain exceeded the volume sent to the second major destination, France (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +115.9%.

In value terms, Spain ($X) remains the key foreign market for glass rear-view mirrors for vehicles exports from Morocco, comprising 83% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +116.3%.

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at $X per unit in 2021, surging by 2.7% against the previous year. In general, the export price saw a notable 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 France ($X per unit), while the average price for exports to Spain amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.2%).

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Morocco

In 2022, the amount of glass rear-view mirrors for vehicles imported into Morocco skyrocketed to X units, jumping by 49% compared with the previous year. Overall, imports posted a significant increase. The growth pace was the most rapid in 2016 when imports increased by 136%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, glass rear-view vehicle mirror imports surged to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +27.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Morocco, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.2% per year) and France (+18.9% per year).

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2021, surging by 9.5% against the previous year. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded 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 failed to regain momentum.

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 Spain ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass rear-view mirrors for vehicles in the world?

China constituted the country with the largest volume of glass rear-view vehicle mirror consumption, comprising approx. 25% of total volume. Moreover, glass rear-view vehicle mirror consumption in China exceeded the figures recorded by the second-largest consumer, Italy, twofold. The third position in this ranking was occupied by India, with a 9.9% share.

What are the largest producers of glass rear-view mirrors for vehicles in the world?

The country with the largest volume of glass rear-view vehicle mirror production was China, comprising approx. 32% of total volume. Moreover, glass rear-view vehicle mirror production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Italy, with an 11% share.

What are the leading suppliers of glass rear-view mirrors for vehicles to Morocco?

In value terms, Spain constituted the largest supplier of glass rear-view vehicle mirror to Morocco, comprising 49% of total imports. The second position in the ranking was occupied by China, with a 15% share of total imports. It was followed by France, with a 12% share.

What are the leading importers of glass rear-view mirrors for vehicles from Morocco?

In value terms, Spain remains the key foreign market for glass rear-view vehicle mirror exports from Morocco, comprising 69% of total exports. The second position in the ranking was occupied by Slovakia, with a 25% share of total exports.

What is the average export price for glass rear-view mirrors for vehicles in Morocco?

The average glass rear-view vehicle mirror export price stood at $15 per unit in 2020, growing by 4.3% against the previous year.

What is the average import price for glass rear-view mirrors for vehicles in Morocco?

The average glass rear-view vehicle mirror import price stood at $12 per unit in 2020, rising by 28% against the previous year.

This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23121350 - Glass rear-view mirrors for vehicles

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023