Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China - 2024

Contents:

  1. Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China (FOB) - 2022
  2. Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China (CIF) - 2022
  3. Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China
  4. Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China

Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China (FOB) - 2022

In 2022, the average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $5,242 per ton, surging by 15% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses increased by +64.5% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 17% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($9,605 per ton), while the average price for exports to France ($3,295 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China (CIF) - 2022

The average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $48,653 per ton in 2022, waning by -2.4% against the previous year. In general, the import price, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2018 an increase of 34%. The import price peaked at $49,853 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($88,080 per ton), while the price for Lithuania ($4,236 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China

After three years of growth, overseas shipments of glass mirrors; framed, excluding rear-view mirrors for vehicleses decreased by -11.7% to 389K tons in 2022. The total export volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, the exports reached the peak of 441K tons, and then fell in the following year.

In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses expanded slightly to $2B in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States40756874377924.2%
United Kingdom10711915094.4-4.1%
Canada64.680.179.974.95.1%
Philippines20.526.946.871.451.6%
Germany46.753.162.966.012.2%
Japan44.063.264.065.013.9%
France41.043.659.660.914.1%
Australia28.542.546.359.627.9%
Malaysia38.930.447.256.012.9%
Mexico24.227.035.547.425.1%
Netherlands38.642.956.043.13.7%
Saudi Arabia28.436.240.242.414.3%
Spain20.117.133.432.517.4%
Others41044953854710.1%
Total1,3191,5992,0042,03915.6%

Top Export Markets for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles from China in 2022:

  1. United States (159.8K tons)
  2. United Kingdom (20.1K tons)
  3. France (18.5K tons)
  4. Germany (16.4K tons)
  5. Canada (13.2K tons)
  6. Japan (11.0K tons)
  7. Australia (10.1K tons)
  8. Netherlands (8.0K tons)
  9. Spain (7.6K tons)
  10. Mexico (7.4K tons)
  11. Philippines (7.4K tons)
  12. Malaysia (7.1K tons)
  13. Saudi Arabia (5.7K tons)

Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China

For the third year in a row, China recorded decline in supplies from abroad of glass mirrors; framed, excluding rear-view mirrors for vehicleses, which decreased by -13.7% to 842 tons in 2022. Overall, imports recorded a drastic downturn. The smallest decline of -4.9% was in 2020.

In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses reduced notably to $41M in 2022. Over the period under review, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. As a result, imports attained the peak of $49M, and then fell significantly in the following year.

Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany26.524.724.520.3-8.5%
Poland10.07.812.810.10.3%
Italy2.92.74.43.56.5%
Vietnam0.41.10.91.035.7%
Japan1.01.11.21.00.0%
United Kingdom0.10.20.30.226.0%
BelgiumN/AN/AN/A0.20%
Lithuania0.20.30.30.1-20.6%
Turkey0.70.50.2N/A-46.5%
Others4.55.63.94.50.0%
Total46.344.048.640.9-4.0%

Top Suppliers of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles to China in 2022:

  1. Germany (230.6 tons)
  2. Poland (163.6 tons)
  3. Vietnam (87.0 tons)
  4. Italy (78.8 tons)
  5. Japan (44.5 tons)
  6. Belgium (21.1 tons)
  7. Lithuania (14.3 tons)
  8. United Kingdom (13.6 tons)
  9. Turkey (0.5 tons)

Source: IndexBox Market Intelligence Platform

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