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

Contents:

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

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

In October 2023, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $7.1 per unit, with an increase of 18% against the previous month. In general, export price indicated a measured expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for glass mirrors; whether or not framed, including rear-view mirrorses increased by +115.9% against July 2023 indices. The growth pace was the most rapid in August 2023 an increase of 62% m-o-m. The export price peaked in October 2023.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Mexico ($9.6 per unit), while the average price for exports to Kosovo ($321 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 Switzerland (+10.1%), 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 Italy (CIF) - 2023

The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.2 per unit in October 2023, which is down by -40.9% against the previous month. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in March 2023 an increase of 35% against the previous month. The import price peaked at $2.9 per unit in October 2022; however, from November 2022 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 Taiwan (Chinese) ($7.3 per unit), while the price for Turkey ($418 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the amount of glass mirrors; whether or not framed, including rear-view mirrorses exported from Italy dropped to 33M units, waning by -9.4% against the previous year's figure. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year. The exports peaked at 45M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses amounted to $144M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France24.520.726.626.32.4%
Germany14.213.619.618.38.8%
United States8.57.010.413.015.2%
Mexico6.76.59.29.913.9%
Spain9.76.68.07.7-7.4%
Poland4.44.34.77.016.7%
United Kingdom7.97.17.06.5-6.3%
Switzerland4.44.35.65.89.6%
Austria3.53.24.03.60.9%
Netherlands10.65.22.43.1-33.6%
Greece1.61.41.71.4-4.4%
Israel1.00.91.31.26.3%
Slovenia1.30.91.10.9-11.5%
Others34.530.341.639.84.9%
Total1331121431442.7%

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

  1. France (5.0M units)
  2. Switzerland (5.0M units)
  3. Germany (4.2M units)
  4. Spain (3.1M units)
  5. Israel (2.0M units)
  6. United States (1.7M units)
  7. Mexico (1.4M units)
  8. Poland (1.2M units)
  9. United Kingdom (1.1M units)
  10. Austria (0.8M units)
  11. Netherlands (0.5M units)
  12. Greece (0.5M units)
  13. Slovenia (0.4M units)

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

Imports of glass mirrors; whether or not framed, including rear-view mirrorses into Italy declined to 57M units in 2022, waning by -10.7% compared with the previous year's figure. In general, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of 64M units, and then reduced in the following year.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses expanded significantly to $134M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +52.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China28.023.734.542.114.6%
Spain15.814.517.019.16.5%
Taiwan (Chinese)12.810.812.215.05.4%
Germany9.87.39.09.7-0.3%
Poland7.36.58.98.44.8%
Turkey2.72.13.83.03.6%
Belgium2.21.93.22.0-3.1%
Romania0.80.81.51.420.5%
Others21.220.333.733.416.4%
Total10188.01241349.9%

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

  1. China (28.9M units)
  2. Turkey (6.8M units)
  3. Poland (6.4M units)
  4. Spain (3.3M units)
  5. Belgium (2.3M units)
  6. Taiwan (Chinese) (2.1M units)
  7. Germany (1.5M units)
  8. Romania (0.9M units)

Source: IndexBox Market Intelligence Platform

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