Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India - 2023
Contents:
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India (FOB) - 2022
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India (CIF) - 2022
- Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India
- Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India (FOB) - 2022
In 2022, the average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $5,234 per ton, which is down by -6.7% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +48.3% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $5,612 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($6,119 per ton), while the average price for exports to Canada ($3,724 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 Netherlands (+10.9%), 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 India (CIF) - 2022
In 2022, the average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $4,269 per ton, reducing by -10.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 an increase of 66%. Over the period under review, average import prices attained the peak figure at $5,023 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($45,577 per ton), while the price for China ($3,135 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+24.4%), 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 India
In 2022, the amount of glass mirrors; framed, excluding rear-view mirrors for vehicleses exported from India contracted to 13K tons, flattening at the previous year. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of 13K tons, leveling off in the following year.
In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses dropped to $65M in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 85%. As a result, the exports attained the peak of $71M, and then reduced in the following year.
| Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.0 | 25.2 | 47.0 | 45.1 | 29.0% |
| United Kingdom | 2.4 | 2.2 | 4.3 | 4.1 | 19.5% |
| France | 2.1 | 3.0 | 3.7 | 2.9 | 11.4% |
| Netherlands | 0.8 | 1.1 | 2.5 | 1.9 | 33.4% |
| United Arab Emirates | 0.3 | 0.4 | 1.0 | 1.6 | 74.7% |
| Spain | 0.5 | 0.8 | 1.7 | 1.4 | 40.9% |
| Germany | 0.7 | 0.9 | 2.0 | 1.3 | 22.9% |
| Australia | 0.7 | 0.8 | 1.4 | 1.1 | 16.3% |
| Canada | 0.5 | 0.6 | 1.5 | 1.0 | 26.0% |
| Others | 3.1 | 3.1 | 5.5 | 5.2 | 18.8% |
| Total | 32.2 | 38.2 | 70.5 | 65.5 | 26.7% |
Top Export Markets for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles from India in 2022:
- United States (8.5K tons)
- France (0.7K tons)
- United Kingdom (0.7K tons)
- Netherlands (0.4K tons)
- Canada (0.3K tons)
- United Arab Emirates (0.3K tons)
- Germany (0.3K tons)
- Spain (0.3K tons)
- Australia (0.2K tons)
Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India
Imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses into India soared to 1.4K tons in 2022, rising by 17% compared with the year before. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses totaled $6.1M in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 98%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,095 | 1,925 | 3,639 | 3,947 | 8.4% |
| United States | 297 | 143 | 328 | 448 | 14.7% |
| Malaysia | 3.9 | 2.1 | 86.6 | 357 | 350.7% |
| Belgium | 11.6 | 157 | 655 | 213 | 163.8% |
| Others | 1,245 | 734 | 1,151 | 1,166 | -2.2% |
| Total | 4,652 | 2,962 | 5,859 | 6,132 | 9.6% |
Top Suppliers of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles to India in 2022:
- China (1259.1 tons)
- Malaysia (55.7 tons)
- United States (31.9 tons)
- Belgium (18.5 tons)
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