United Kingdom: Market for Glass Rear-View Mirrors For Vehicles 2025

Market Size for Glass Rear-View Mirrors For Vehicles in the UK

The UK glass rear-view vehicle mirror market declined sharply to $X in 2022, which is down by -40.4% against the previous year. In general, consumption, however, posted a slight expansion. Glass rear-view vehicle mirror consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Glass Rear-View Mirrors For Vehicles in the UK

In value terms, glass rear-view vehicle mirror production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 3.6%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from the UK

In 2022, shipments abroad of glass rear-view mirrors for vehicles decreased by -11.9% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 6.1% against the previous year. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, glass rear-view vehicle mirror exports shrank modestly to $X in 2022. Over the period under review, exports showed a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of 13%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for glass rear-view vehicle mirror exports from the UK, accounting for a 120% share of total exports. Moreover, glass rear-view vehicle mirror exports to Belgium exceeded the volume sent to the second major destination, Germany (X units), threefold. Sweden (X units) ranked third in terms of total exports with a 41% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.9% per year) and Sweden (-13.7% per year).

In value terms, Belgium ($X), China ($X) and Sweden ($X) appeared to be the largest markets for glass rear-view vehicle mirror exported from the UK worldwide, together comprising 71% of total exports.

China, with a CAGR of +32.2%, saw the highest rates of growth with regard to 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

The average glass rear-view vehicle mirror export price stood at $X per unit in 2021, with an increase of 2.4% against the previous year. Over the period under review, the export price continues to indicate tangible growth. 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 ($X per unit), while the average price for exports to Germany ($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 Australia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into the UK

In 2022, purchases abroad of glass rear-view mirrors for vehicles decreased by -45.2% to X units, falling for the third consecutive year after two years of growth. In general, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 124% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, glass rear-view vehicle mirror imports shrank notably to $X in 2022. Over the period under review, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of glass rear-view vehicle mirror imports to the UK, together accounting for 52% of total imports. France, Belgium, Taiwan (Chinese), Slovakia, Spain, Hungary and India lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass rear-view vehicle mirror suppliers to the UK were the United States ($X), Germany ($X) and China ($X), with a combined 66% share of total imports.

The United States, with a CAGR of +27.1%, saw the highest rates of growth with regard to the value of imports, among 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, with an increase of 9.5% against the previous year. In general, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 104% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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