Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea - 2022
Contents:
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea (CIF) - 2022
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea (FOB) - 2022
- Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea
- Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea (CIF) - 2022
The average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $5,193 per ton in 2022, rising by 6.1% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 +16.7% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 50%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($4,998 per ton), while the price for Taiwan (Chinese) ($3,073 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea (FOB) - 2022
In 2022, the average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $8,783 per ton, declining by -3.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 39% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,212 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($17,884 per ton), while the average price for exports to Nicaragua ($1,725 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 Taiwan (Chinese) (+6.7%), 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 South Korea
In 2022, overseas purchases of glass mirrors; framed, excluding rear-view mirrors for vehicleses decreased by -12.1% to 3.6K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 5.6% against the previous year. As a result, imports reached the peak of 4.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses shrank to $19M in 2022. In general, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 7%.
| Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.2 | 14.6 | 15.4 | 14.2 | -4.3% |
| Vietnam | 0.6 | 0.9 | 0.8 | 0.7 | 5.3% |
| Taiwan (Chinese) | 0.5 | 0.9 | 0.7 | 0.6 | 6.3% |
| Indonesia | 0.3 | 0.4 | 0.2 | 0.2 | -12.6% |
| Others | 2.4 | 2.1 | 3.0 | 3.0 | 7.7% |
| Total | 20.1 | 18.8 | 20.1 | 18.7 | -2.4% |
Top Suppliers of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles to South Korea in 2022:
- China (3050.8 tons)
- Taiwan (Chinese) (210.3 tons)
- Vietnam (187.8 tons)
- Indonesia (44.1 tons)
Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea
In 2022, the amount of glass mirrors; framed, excluding rear-view mirrors for vehicleses exported from South Korea declined to 220 tons, reducing by -5.5% on 2021 figures. Overall, exports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 when exports increased by 16%.
In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses dropped to $1.9M in 2022. Over the period under review, exports showed a abrupt descent.
| Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 939 | 502 | 476 | 589 | -14.4% |
| United States | 222 | 280 | 735 | 556 | 35.8% |
| China | 842 | 847 | 219 | 101 | -50.7% |
| Philippines | 23.2 | 7.9 | 23.2 | 99.3 | 62.4% |
| India | 154 | 121 | 85.2 | 48.7 | -31.9% |
| Taiwan (Chinese) | 118 | 43.8 | 27.7 | 46.6 | -26.6% |
| Brazil | 19.8 | 41.7 | 99.4 | 46.2 | 32.6% |
| Vietnam | 69.9 | 65.6 | 27.2 | 41.4 | -16.0% |
| Mongolia | 11.6 | 6.8 | 16.8 | 32.8 | 41.4% |
| Germany | 11.3 | 1.4 | 1.9 | 31.8 | 41.2% |
| Hong Kong SAR | 83.0 | 39.5 | 15.6 | 31.0 | -28.0% |
| Nicaragua | N/A | N/A | 1.2 | 12.0 | 900.0% |
| Guinea | 5.1 | N/A | 34.9 | N/A | 161.6% |
| Others | 404 | 425 | 357 | 297 | -9.7% |
| Total | 2,904 | 2,382 | 2,120 | 1,932 | -12.7% |
Top Export Markets for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles from South Korea in 2022:
- Japan (58.1 tons)
- Philippines (44.3 tons)
- United States (31.1 tons)
- China (17.8 tons)
- Mongolia (10.7 tons)
- Nicaragua (7.0 tons)
- India (6.6 tons)
- Vietnam (5.5 tons)
- Brazil (4.0 tons)
- Germany (3.9 tons)
- Taiwan (Chinese) (3.6 tons)
- Hong Kong SAR (2.0 tons)
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