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

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

In 2022, the Swedish glass rear-view vehicle mirror market decreased by -2.9% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a buoyant expansion. Glass rear-view vehicle mirror consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Sweden

In 2022, shipments abroad of glass rear-view mirrors for vehicles decreased by -11.7% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 31%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, glass rear-view vehicle mirror exports dropped to $X in 2022. In general, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), the UK (X units) and Finland (X units) were the main destinations of glass rear-view vehicle mirror exports from Sweden.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +14.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Norway ($X) and the UK ($X) constituted the largest markets for glass rear-view vehicle mirror exported from Sweden worldwide, with a combined 40% share of total exports.

The UK, with a CAGR of +14.9%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average glass rear-view vehicle mirror export price amounted to $X per unit, increasing by 2.8% against the previous year. Over the period under review, the export price saw a tangible expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the UK ($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 Germany (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Sweden

In 2022, after two years of decline, there was growth in supplies from abroad of glass rear-view mirrors for vehicles, when their volume increased by 1.3% to X units. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 132% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, glass rear-view vehicle mirror imports fell to $X in 2022. In general, imports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 28%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Spain (X units) and the United States (X units) were the main suppliers of glass rear-view vehicle mirror imports to Sweden, together accounting for 29% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +50.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and the United States ($X) were the largest glass rear-view vehicle mirror suppliers to Sweden, together comprising 85% of total imports.

Spain, with a CAGR of +71.4%, 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

In 2021, the average glass rear-view vehicle mirror import price amounted to $X per unit, picking up by 9.5% against the previous year. Overall, the import price, however, recorded a abrupt decline. The pace of growth was the most pronounced 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 remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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