Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India - 2023
Contents:
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India (FOB) - 2023
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India (CIF) - 2022
- Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India
- Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India (FOB) - 2023
The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $2.2 per unit in October 2023, with an increase of 3.7% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average export price increased by 7.1% m-o-m. The export price peaked at $2.3 per unit in October 2022; however, from November 2022 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($2.4 per unit), while the average price for exports to Nepal ($956 per thousand units) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India (CIF) - 2022
In 2022, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $0.2 per unit, which is down by -25.7% against the previous year. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 2.1% against the previous year. As a result, import price reached the peak level of $1.7 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($18 per unit), while the price for China amounted to $0.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+26.3%).
Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India
Exports of glass mirrors; whether or not framed, including rear-view mirrorses from India fell to 43M units in 2022, shrinking by -6.8% compared with 2021 figures. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of 46M units, and then declined in the following year.
In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses reduced to $85M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 64%. As a result, the exports reached the peak of $91M, and then contracted in the following year.
| Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.6 | 25.8 | 48.2 | 46.7 | 29.3% |
| Vietnam | 2.2 | 1.8 | 3.5 | 4.7 | 28.8% |
| United Kingdom | 2.6 | 2.3 | 4.3 | 4.2 | 17.3% |
| France | 2.4 | 3.3 | 4.0 | 3.2 | 10.1% |
| United Arab Emirates | 1.7 | 1.4 | 2.4 | 2.3 | 10.6% |
| Spain | 2.2 | 2.5 | 2.8 | 2.2 | 0.0% |
| Netherlands | 1.0 | 1.3 | 2.7 | 2.0 | 26.0% |
| Bangladesh | 1.3 | 1.4 | 1.5 | 1.7 | 9.4% |
| Germany | 0.9 | 1.7 | 2.2 | 1.6 | 21.1% |
| Nepal | 1.0 | 0.8 | 1.8 | 1.4 | 11.9% |
| Canada | 0.5 | 0.6 | 1.6 | 1.0 | 26.0% |
| Qatar | 0.5 | 0.6 | 1.1 | 1.0 | 26.0% |
| Sri Lanka | 0.4 | 0.4 | 0.5 | 0.4 | 0.0% |
| Others | 13.8 | 11.4 | 14.2 | 12.3 | -3.8% |
| Total | 52.1 | 55.3 | 90.9 | 84.6 | 17.5% |
Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from India in 2022:
- United States (21.7M units)
- Qatar (3.2M units)
- France (1.8M units)
- United Kingdom (1.7M units)
- Nepal (1.6M units)
- Bangladesh (1.2M units)
- United Arab Emirates (1.0M units)
- Spain (1.0M units)
- Netherlands (0.9M units)
- Vietnam (0.9M units)
- Canada (0.7M units)
- Germany (0.7M units)
- Sri Lanka (0.6M units)
Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India
In 2022, imports of glass mirrors; whether or not framed, including rear-view mirrorses into India surged to 325M units, with an increase of 68% on 2021. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses skyrocketed to $77M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.7% 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 +69.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.8 | 20.9 | 26.8 | 37.9 | 4.9% |
| Others | 30.7 | 24.7 | 35.0 | 39.1 | 8.4% |
| Total | 63.4 | 45.5 | 61.8 | 77.0 | 6.7% |
Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to India in 2022:
- China (316.1M units)
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