Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada - 2023
Contents:
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada (CIF) - 2023
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada (FOB) - 2022
- Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada
- Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada (CIF) - 2023
The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $4.6 per unit in October 2023, which is down by -2.5% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in January 2023 an increase of 22% m-o-m. The import price peaked at $4.9 per unit in March 2023; however, from April 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($9.8 per unit), while the price for China ($1.9 per unit) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mexico (+2.2%), 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 Canada (FOB) - 2022
The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.2 per unit in 2022, reducing by -41.7% against the previous year. In general, the export price showed a precipitous setback. The pace of growth appeared the most rapid in 2014 when the average export price decreased by -16.8%. The export price peaked at $90 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -36.6% per year.
Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada
In 2022, approx. 2.2M units of glass mirrors; whether or not framed, including rear-view mirrorses were imported into Canada; picking up by 65% against the previous year. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses surged to $349M in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.4 | 76.0 | 93.5 | 97.4 | 13.1% |
| Mexico | 5.6 | 4.0 | 6.9 | 9.1 | 17.6% |
| Taiwan (Chinese) | 8.3 | 7.2 | 7.7 | 8.2 | -0.4% |
| Vietnam | 2.1 | 3.2 | 4.4 | 5.5 | 37.8% |
| Poland | 1.9 | 2.3 | 4.2 | 4.1 | 29.2% |
| Italy | 2.5 | 1.5 | 1.9 | 2.3 | -2.7% |
| Japan | 1.4 | 1.1 | 1.1 | 2.1 | 14.5% |
| Germany | 1.5 | 1.2 | 1.3 | 1.6 | 2.2% |
| Romania | 0.6 | 0.6 | 0.2 | 0.7 | 5.3% |
| Bangladesh | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 253 | 186 | 170 | 218 | -4.8% |
| Total | 344 | 283 | 292 | 349 | 0.5% |
Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to Canada in 2022:
- China (579.5K units)
- Italy (435.4K units)
- Vietnam (369.3K units)
- Romania (254.3K units)
- Germany (99.6K units)
- Bangladesh (72.8K units)
- Japan (56.9K units)
- Mexico (54.1K units)
- Taiwan (Chinese) (48.8K units)
- Poland (34.4K units)
Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada
In 2022, the amount of glass mirrors; whether or not framed, including rear-view mirrorses exported from Canada skyrocketed to 32M units, jumping by 78% against the year before. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 171%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses stood at $37M in 2022. Over the period under review, total exports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.1 | 23.2 | 34.1 | 35.7 | 3.6% |
| Others | 1.3 | 1.2 | 1.9 | 1.7 | 9.4% |
| Total | 33.4 | 24.3 | 36.0 | 37.4 | 3.8% |
Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from Canada in 2022:
- United States (31.8M units)
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