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

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

The Romanian glass rear-view vehicle mirror market expanded remarkably to $X in 2022, picking up by 5.7% 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 enjoyed a strong expansion. Glass rear-view vehicle mirror consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Romania

In 2022, approx. X units of glass rear-view mirrors for vehicles were exported from Romania; leveling off at the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2020; afterwards, it flattened through to 2022.

In value terms, glass rear-view vehicle mirror exports dropped remarkably to $X in 2022. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X units), Russia (X units) and France (X units) were the main destinations of glass rear-view vehicle mirror exports from Romania.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +21.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass rear-view vehicle mirror exported from Romania were Russia ($X), Morocco ($X) and France ($X), with a combined 58% share of total exports.

Among the main countries of destination, France, with a CAGR of +10.4%, saw the highest growth rate of 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 $X per unit in 2021, picking up by 2.8% against the previous year. Over the period under review, the export price enjoyed a noticeable 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 France ($X per unit), while the average price for exports to Argentina ($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 France (+3.9%), while the prices for the other major destinations experienced a decline.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Romania

Glass rear-view vehicle mirror imports into Romania expanded modestly to X units in 2022, with an increase of 3.6% on 2021 figures. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 231% against the previous year. Over the period under review, imports attained the maximum at X units in 2020; afterwards, it flattened through to 2022.

In value terms, glass rear-view vehicle mirror imports expanded sharply to $X in 2022. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 89%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2021, Slovakia (X units) constituted the largest glass rear-view vehicle mirror supplier to Romania, with a 90% share of total imports. Moreover, glass rear-view vehicle mirror imports from Slovakia exceeded the figures recorded by the second-largest supplier, Hungary (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+20.4% per year) and Germany (+20.4% per year).

In value terms, Slovakia ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Romania, comprising 47% of total imports. The second position in the ranking was held by Hungary ($X), with a 14% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+16.4% per year) and Germany (+9.5% per year).

Import Prices by Country

In 2021, the average glass rear-view vehicle mirror import price amounted to $X per unit, increasing by 9.5% against the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :