Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Singapore - 2023

Contents:

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

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

In 2022, the average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $8,521 per ton, increasing by 46% against the previous year. In general, import price indicated a strong 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, import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses increased by +84.0% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($14,207 per ton), while the price for Malaysia ($4,797 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $7,820 per ton in 2022, rising by 34% against the previous year. In general, the export price, however, saw a mild slump. Over the period under review, the average export prices reached the peak figure at $9,417 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($10,050 per ton), while the average price for exports to the Philippines ($5,427 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 Qatar (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses into Singapore reduced dramatically to 1.1K tons, with a decrease of -23.4% on the previous year's figure. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 45%.

In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $9.5M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 67%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4,5763,3134,6026,71213.6%
Indonesia1984831,62058343.3%
Italy29916554943012.9%
Malaysia790280503422-18.9%
United States372141308315-5.4%
France30063.9103221-9.7%
Germany14911518543.9-33.5%
Others871571689822-1.9%
Total7,5545,1318,5609,5498.1%

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

  1. China (782.7 tons)
  2. Malaysia (87.9 tons)
  3. Indonesia (74.9 tons)
  4. Italy (44.5 tons)
  5. United States (30.0 tons)
  6. France (15.6 tons)
  7. Germany (6.0 tons)

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

In 2022, the amount of glass mirrors; framed, excluding rear-view mirrors for vehicleses exported from Singapore dropped sharply to 305 tons, waning by -24.2% compared with 2021 figures. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 18%.

In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses totaled $2.4M in 2022. Over the period under review, exports continue to indicate a abrupt downturn.

Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China22928019249929.6%
Malaysia602460375436-10.2%
Japan34698.4146269-8.0%
United States34637.5174202-16.4%
Indonesia20690.0154199-1.1%
Australia32360.658.3104-31.5%
Thailand21655.580.387.5-26.0%
Vietnam43.12558.580.823.3%
Qatar0.645.412.754.9350.6%
Philippines14921.236049.3-30.8%
Germany6.047.419.639.687.6%
Taiwan (Chinese)57949119529.7-62.8%
Brazil2.6N/A17.329.5124.7%
Others1,024457562308-33.0%
Total4,0722,3992,3532,388-16.3%

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

  1. Malaysia (65.0 tons)
  2. China (50.5 tons)
  3. Indonesia (32.6 tons)
  4. Japan (27.7 tons)
  5. United States (22.8 tons)
  6. Vietnam (12.9 tons)
  7. Thailand (11.8 tons)
  8. Australia (11.7 tons)
  9. Philippines (9.1 tons)
  10. Qatar (5.5 tons)
  11. Taiwan (Chinese) (5.4 tons)
  12. Germany (5.3 tons)
  13. Brazil (5.1 tons)

Source: IndexBox Market Intelligence Platform

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