Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines - 2023
Contents:
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines (CIF) - 2022
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines (FOB) - 2022
- Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines
- Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines (CIF) - 2022
The average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $1,425 per ton in 2022, increasing by 5.4% against the previous year. In general, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 67% against the previous year. Over the period under review, average import prices reached the peak figure at $2,003 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($4,859 per ton), while the price for Taiwan (Chinese) ($753 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines (FOB) - 2022
In 2022, the average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $11,722 per ton, growing by 71% against the previous year. In general, the export price enjoyed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 ($12,215 per ton), while the average price for exports to Japan ($1,774 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 Indonesia (+47.1%), 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 the Philippines
Imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses into the Philippines expanded rapidly to 2.8K tons in 2022, picking up by 5% compared with 2021 figures. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses rose markedly to $4M in 2022. In general, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
| Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 2.7 | 2.8 | 3.4 | 2.0% |
| Taiwan (Chinese) | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Others | 1.2 | 0.4 | 0.7 | 0.6 | -20.6% |
| Total | 4.6 | 3.2 | 3.6 | 4.0 | -4.6% |
Top Suppliers of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles to the Philippines in 2022:
- China (2666.9 tons)
- Taiwan (Chinese) (67.1 tons)
Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines
In 2022, approx. 63 tons of glass mirrors; framed, excluding rear-view mirrors for vehicleses were exported from the Philippines; with a decrease of -66.5% compared with 2021. Over the period under review, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, the exports attained the peak of 188 tons, and then reduced dramatically in the following year.
In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses reduced notably to $740K in 2022. In general, exports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 when exports increased by 73% against the previous year. As a result, the exports reached the peak of $1.3M, and then contracted significantly in the following year.
| Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 513 | 433 | 1,033 | 687 | 10.2% |
| United Arab Emirates | 3.6 | 7.2 | 1.2 | 41.1 | 125.2% |
| United Kingdom | 7.9 | 4.5 | 43.2 | 2.3 | -33.7% |
| Japan | 109 | 87.5 | 0.3 | 0.7 | -81.4% |
| Canada | 3.9 | 13.4 | 42.9 | 0.2 | -62.8% |
| France | 89.7 | 52.1 | 34.8 | N/A | -37.7% |
| Australia | 9.1 | 106 | 124 | N/A | 269.1% |
| Others | 33.1 | 42.2 | 12.0 | 8.9 | -35.5% |
| Total | 769 | 746 | 1,291 | 740 | -1.3% |
Top Export Markets for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles from the Philippines in 2022:
- United States (56.2 tons)
- United Arab Emirates (5.3 tons)
- United Kingdom (0.4 tons)
- Japan (0.4 tons)
- Canada (0.1 tons)
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This report provides an in-depth analysis of the global market for glass rear-view vehicle mirror.
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