The import of rear-view mirrors for vehicles to Vietnam has shown significant fluctuation from 2013 to 2023. Starting at 321.91 thousand kilograms in 2013, imports decreased by 15.31% year-on-year. However, there was a notable increase from 2014 to 2016, with a 33.56% rise in 2015 and a 49.78% jump in 2016. Despite a decline in 2017, the trend resumed growth, peaking at 789.6 thousand kilograms in 2021. The years 2022 and 2023 saw modest growth at 3.77% and 3.56% respectively, standing at 848.59 thousand kilograms in 2023.
For the future, from 2024 to 2028, the CAGR is forecasted at 2.6%, indicating a slower yet steady growth with a 5-year forecast growth rate of 13.68%, reaching 1001.1 thousand kilograms by 2028.
Future trends to watch for include:
- Technological advancements in vehicle safety and mirror systems.
- Changes in vehicle production and import patterns in Vietnam.
- Regulatory impacts and environmental standards influencing automotive imports.
