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

Contents:

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

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

The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $4.7 per unit in October 2023, shrinking by -15.8% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 50% month-to-month. Over the period under review, average import prices reached the peak figure at $5.6 per unit in September 2023, and then contracted notably in the following month.

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) ($17.7 per unit), while the price for Bosnia and Herzegovina ($2.8 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 the Netherlands (+13.4%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $3.9 per unit, growing by 13% against the previous year. Over the period under review, the export price posted significant growth. The pace of growth was the most pronounced in 2019 an increase of 335%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($6.1 per unit), while the average price for exports to Spain ($0.2 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 Belgium (+35.8%), 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 Luxembourg

In 2022, the amount of glass mirrors; whether or not framed, including rear-view mirrorses imported into Luxembourg rose remarkably to 841K units, growing by 14% on the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses expanded remarkably to $3.8M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Imports peaked 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 Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium8861,0411,2321,40116.5%
Germany1,1541,0111,2241,2201.9%
France625407605553-4.0%
Italy21923330931813.2%
Netherlands40.110111213650.2%
China99.58.65.84.8-63.6%
Others307165136179-16.5%
Total3,3312,9663,6233,8124.6%

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

  1. Belgium (329.1K units)
  2. Germany (254.8K units)
  3. France (130.4K units)
  4. Netherlands (61.2K units)
  5. Italy (39.1K units)
  6. China (1.0K units)

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

For the third consecutive year, Luxembourg recorded decline in shipments abroad of glass mirrors; whether or not framed, including rear-view mirrorses, which decreased by -31.1% to 62K units in 2022. In general, exports saw a significant contraction. Over the period under review, the exports of reached the maximum at 290K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses reduced notably to $243K in 2022. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 6.3%. The exports peaked at $388K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium211159197159-9.0%
Germany11898.685.542.5-28.9%
France26.434.222.229.33.5%
United Arab EmiratesN/AN/AN/A5.50%
SpainN/AN/A0.20.350.0%
Others32.02.27.06.2-42.1%
Total388294312243-14.4%

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

  1. Belgium (26.3K units)
  2. France (15.3K units)
  3. Germany (14.7K units)
  4. Spain (1.7K units)
  5. United Arab Emirates (0.9K units)

Source: IndexBox Market Intelligence Platform

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