Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium - 2023

Contents:

  1. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium (CIF) - 2023
  2. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium (FOB) - 2022
  3. Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium
  4. Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium (CIF) - 2023

The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $4.2 per unit in October 2023, with a decrease of -19.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 46% m-o-m. The import price peaked at $5.2 per unit in September 2023, and then shrank sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($31.7 per unit), while the price for China ($1.6 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium (FOB) - 2022

In 2022, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $0.9 per unit, growing by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 22%. 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 Spain ($1.3 per unit), while the average price for exports to the UK ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium

In 2022, after three years of growth, there was significant decline in overseas purchases of glass mirrors; whether or not framed, including rear-view mirrorses, when their volume decreased by -12.6% to 46M units. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% 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 +51.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 49%. Over the period under review, imports of hit record highs at 53M units in 2021, and then contracted in the following year.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses fell slightly to $177M in 2022. The total import value increased at an average annual rate of +10.4% 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 2020 when imports increased by 19%. Over the period under review, imports of hit record highs at $179M in 2021, and then contracted in the following year.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany42.242.649.148.44.7%
China8.720.034.232.455.0%
Taiwan (Chinese)9.69.411.212.07.7%
France5.06.511.59.323.0%
Netherlands4.47.65.75.04.4%
Poland1.64.04.74.743.2%
Czech Republic1.31.51.71.2-2.6%
Others58.764.260.463.92.9%
Total13115617917710.6%

Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to Belgium in 2022:

  1. China (16.9M units)
  2. Germany (9.1M units)
  3. France (4.9M units)
  4. Poland (4.0M units)
  5. Netherlands (2.2M units)
  6. Czech Republic (2.0M units)
  7. Taiwan (Chinese) (2.0M units)

Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium

In 2022, shipments abroad of glass mirrors; whether or not framed, including rear-view mirrorses decreased by -6.7% to 174M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 10%. As a result, the exports reached the peak of 187M units, and then reduced in the following year.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses contracted modestly to $155M in 2022. The total export value increased at an average annual rate of +10.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26%. The exports peaked at $156M in 2021, and then declined in the following year.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany22.824.029.932.412.4%
France16.925.031.427.217.2%
Netherlands10.817.020.922.227.1%
United Kingdom9.39.311.59.61.1%
South Africa1.50.40.78.376.9%
Spain4.13.24.24.85.4%
Brazil1.34.76.33.944.2%
United Arab Emirates6.618.93.22.9-24.0%
Finland2.22.12.22.20.0%
Greece1.31.01.72.219.2%
Qatar0.10.12.21.8162.1%
Czech Republic1.21.72.51.814.5%
Israel2.71.21.61.8-12.6%
Others33.735.237.633.80.1%
Total11414415615510.8%

Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from Belgium in 2022:

  1. France (28.8M units)
  2. Germany (27.6M units)
  3. United Kingdom (26.9M units)
  4. Netherlands (18.6M units)
  5. South Africa (13.7M units)
  6. United Arab Emirates (6.6M units)
  7. Qatar (4.8M units)
  8. Greece (4.2M units)
  9. Israel (4.1M units)
  10. Brazil (3.9M units)
  11. Finland (3.7M units)
  12. Spain (3.5M units)
  13. Czech Republic (3.2M units)

Source: IndexBox Market Intelligence Platform

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