Report Update Nov 1, 2024

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

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

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

In 2022, the Myanmar's glass rear-view vehicle mirror market decreased by -19.8% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, enjoyed significant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Glass Rear-View Mirrors For Vehicles

Exports by Country

India (X units), Thailand (X units) and Canada (X units) were the main destinations of glass rear-view vehicle mirror exports from Myanmar. Moreover, glass rear-view vehicle mirror exports in India exceeded the figures recorded by the second-largest exporter, Thailand, more than tenfold.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +11.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for glass rear-view vehicle mirror exported from Myanmar were India ($X), Thailand ($X) and Canada ($X). Moreover, glass rear-view vehicle mirror exports in India exceeded the figures recorded by the second-largest exporter, Thailand, more than tenfold.

Among the main countries of destination, Canada, with a CAGR of +12.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at less than $X per thousand units in 2022, almost unchanged from the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per thousand units), while the average price for exports to India ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Myanmar

In 2022, purchases abroad of glass rear-view mirrors for vehicles decreased by -28.3% to X units, falling for the third consecutive year after two years of growth. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 913%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, glass rear-view vehicle mirror imports reduced modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 563% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) was the main glass rear-view vehicle mirror supplier to Myanmar, accounting for a 2,887% share of total imports. Moreover, glass rear-view vehicle mirror imports from India exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from India totaled +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Thailand (+26.2% per year).

In value terms, the largest glass rear-view vehicle mirror suppliers to Myanmar were India ($X), China ($X) and Thailand ($X).

In terms of the main suppliers, India, with a CAGR of +25.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass rear-view vehicle mirror import price amounted to $X per unit, with an increase of 33% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 104% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of glass rear-view vehicle mirror consumption was China, accounting for 25% of total volume. Moreover, glass rear-view vehicle mirror consumption in China exceeded the figures recorded by the second-largest consumer, Italy, twofold. India ranked third in terms of total consumption with a 9.9% share.

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

China constituted the country with the largest volume of glass rear-view vehicle mirror production, 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. Italy ranked third in terms of total production with an 11% share.

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

In value terms, India, China and Thailand constituted the largest glass rear-view vehicle mirror suppliers to Myanmar, together accounting for 97% of total imports.

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

In value terms, India remains the key foreign market for glass rear-view vehicle mirror exports from Myanmar, comprising 85% of total exports. The second position in the ranking was occupied by Canada $446), with an 11% share of total exports. It was followed by Thailand, with a 2.2% share.

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

The average glass rear-view vehicle mirror export price stood at $22 per unit in 2020, dropping by -24.7% against the previous year.

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

In 2020, the average glass rear-view vehicle mirror import price amounted to $3.8 per unit, which is down by -15.3% against the previous year.

This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Myanmar. 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:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
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