Report Update Feb 1, 2025

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

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

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

The Vietnamese glass rear-view vehicle mirror market contracted slightly to $X in 2022, declining by -2.8% 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, however, posted significant growth. 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 Vietnam

In 2022, after ten years of growth, there was significant decline in overseas shipments of glass rear-view mirrors for vehicles, when their volume decreased by -14.3% to X units. Over the period under review, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 40% 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 fell significantly to $X in 2022. Overall, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +116.1% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Myanmar (X units) was the main destination for glass rear-view vehicle mirror exports from Vietnam, accounting for a approx. 1,535% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar totaled +170.4%.

In value terms, Myanmar ($X) emerged as the key foreign market for glass rear-view mirrors for vehicles exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to Myanmar stood at +149.5%.

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at $X per unit in 2021, growing by 2.6% against the previous year. Over the period under review, the export price continues to indicate moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to -1.1% per year.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Vietnam

In 2022, approx. X units of glass rear-view mirrors for vehicles were imported into Vietnam; which is down by -1.9% on the previous year's figure. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 193%. Over the period under review, imports attained the peak figure at X units in 2019; afterwards, it flattened through to 2022.

In value terms, glass rear-view vehicle mirror imports declined to $X in 2022. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2021, Oman (X units) was the main supplier of glass rear-view vehicle mirror to Vietnam, accounting for a approx. 245% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Oman amounted to +1,549.7%.

In value terms, Oman ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value from Oman totaled +1,183.8%.

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2021, rising by 9.5% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 104%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Oman.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to -0.8% per year.

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, 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. 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?

China remains the largest glass rear-view vehicle mirror producing country worldwide, accounting for 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 Vietnam?

In value terms, South Korea, Thailand and China were the largest glass rear-view vehicle mirror suppliers to Vietnam, with a combined 63% share of total imports. These countries were followed by Japan, the United States, India and Indonesia, which together accounted for a further 35%.

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

In value terms, Indonesia remains the key foreign market for glass rear-view vehicle mirror exports from Vietnam, comprising 60% of total exports. The second position in the ranking was occupied by Italy, with a 7.8% share of total exports. It was followed by Japan, with a 7.6% share.

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

The average glass rear-view vehicle mirror export price stood at $18 per unit in 2020, picking up by 2.7% against the previous year.

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

In 2020, the average glass rear-view vehicle mirror import price amounted to $8.2 per unit, with a decrease of -4.8% against the previous year.

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

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024