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

Contents:

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

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Mexico (CIF) - 2022

The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $12 per unit in 2022, with an increase of 6.1% against the previous year. Overall, the import price recorded a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 42% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($33 per unit), while the price for China ($5.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+31.9%), 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 Mexico (FOB) - 2022

In 2022, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $35 per unit, growing by 17% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 191% against the previous year. The export price peaked at $144 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($38 per unit), while the average price for exports to Colombia ($2.9 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 Costa Rica (+36.2%), 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 Mexico

In 2022, imports of glass mirrors; whether or not framed, including rear-view mirrorses into Mexico expanded rapidly to 18M units, surging by 5.5% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a deep contraction. Imports peaked at 25M 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 expanded significantly to $220M in 2022. Overall, imports, however, recorded a noticeable shrinkage. Over the period under review, imports of reached the maximum at $244M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States167136102114-11.9%
China46.037.953.264.311.8%
Taiwan (Chinese)8.26.99.512.113.8%
Italy7.77.110.010.811.9%
Japan1.82.63.34.232.6%
Others13.511.119.115.13.8%
Total244202197220-3.4%

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

  1. China (11.9M units)
  2. United States (3.8M units)
  3. Italy (0.5M units)
  4. Japan (0.5M units)
  5. Taiwan (Chinese) (0.4M units)

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

For the fourth consecutive year, Mexico recorded growth in overseas shipments of glass mirrors; whether or not framed, including rear-view mirrorses, which increased by 6.9% to 6M units in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 270% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses surged to $213M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States13413016520815.8%
Canada0.60.71.21.844.2%
Costa Rica0.50.40.50.66.3%
Brazil5.53.60.10.1-73.7%
Others3.31.82.92.7-6.5%
Total14413617021313.9%

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

  1. United States (5.5M units)
  2. Canada (0.2M units)

Source: IndexBox Market Intelligence Platform

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