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

Contents:

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

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

The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.1 per unit in October 2023, jumping by 62% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($858 per thousand units), while the price for Indonesia ($502 per thousand units) was amongst the lowest.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Thailand (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $243 per thousand units in October 2023, with an increase of 2.6% against the previous month. In general, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in July 2023 an increase of 27% month-to-month. As a result, the export price attained the peak level of $0.3 per unit. From August 2023 to October 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the Philippines ($348 per thousand units), while the average price for exports to Vietnam ($174 per thousand units) was amongst the lowest.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+5.3%), 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 Malaysia

In 2022, supplies from abroad of glass mirrors; whether or not framed, including rear-view mirrorses was finally on the rise to reach 49M units after two years of decline. Overall, imports, however, continue to indicate a deep slump. Over the period under review, imports of hit record highs at 62M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses rose rapidly to $38M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (31.2M units)
2. Thailand (9.9M units)
3. Indonesia (6.8M units)

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

In 2022, the amount of glass mirrors; whether or not framed, including rear-view mirrorses exported from Malaysia surged to 39M units, jumping by 20% on the year before. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 486% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses expanded sharply to $21M in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 334%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Vietnam (6.4M units)
2. India (4.8M units)
3. United States (3.5M units)
4. Philippines (3.1M units)
5. Australia (2.9M units)
6. Turkey (2.6M units)
7. South Korea (2.1M units)
8. Peru (2.0M units)
9. Cambodia (1.9M units)
10. United Arab Emirates (1.7M units)
11. Singapore (1.6M units)
12. Costa Rica (0.5M units)

Source: IndexBox Market Intelligence Platform