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

Contents:

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

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

In June 2023, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $1.0 per unit, falling by -7.8% against the previous month. In general, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in September 2022 an increase of 31% m-o-m. The import price peaked at $2.6 per unit in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -7.7% per month.

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

The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $0.8 per unit in 2022, growing by 18% against the previous year. Over the period under review, the export price recorded a strong increase. The growth pace was the most rapid in 2020 an increase of 78% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1.5 per unit), while the average price for exports to Guinea ($0.6 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 Tanzania (+28.5%), 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 Pakistan

In 2022, overseas purchases of glass mirrors; whether or not framed, including rear-view mirrorses decreased by -34.4% to 3.8M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 110% against the previous year. Over the period under review, imports of reached the peak figure at 5.8M units in 2021, and then dropped markedly in the following year.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses dropped notably to $4.5M in 2022. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 36%. As a result, imports attained the peak of $5.4M, and then fell remarkably in the following year.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4,4813,4034,6143,775-5.6%
South Korea13.258.3134237161.9%
Japan10615226921727.0%
Thailand63.748.884.210217.0%
Belgium33.856.257.894.340.8%
Others300243216110-28.4%
Total4,9983,9615,3754,534-3.2%

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

  1. China (3205.0K units)
  2. Japan (200.3K units)
  3. South Korea (196.8K units)
  4. Belgium (76.8K units)
  5. Thailand (57.8K units)

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

In 2022, shipments abroad of glass mirrors; whether or not framed, including rear-view mirrorses decreased by -61.3% to 457K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 250% against the previous year. As a result, the exports attained the peak of 1.2M units, and then reduced notably in the following year.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses fell markedly to $376K in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 413%. As a result, the exports attained the peak of $820K, and then declined significantly in the following year.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates33.877.121198.843.0%
KenyaN/A24.219752.747.6%
QatarN/AN/A28.144.257.3%
JordanN/AN/A99.942.4-57.6%
GuineaN/AN/AN/A27.30%
IraqN/AN/AN/A19.70%
Tanzania1.117.747.119.4160.3%
South AfricaN/A9.814715.827.0%
Others8.431.088.856.188.3%
Total43.3160820376105.5%

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

  1. United Arab Emirates (142.2K units)
  2. Kenya (58.1K units)
  3. Jordan (50.0K units)
  4. Guinea (43.2K units)
  5. Qatar (30.4K units)
  6. Tanzania (30.1K units)
  7. Iraq (23.2K units)
  8. South Africa (18.6K units)

Source: IndexBox Market Intelligence Platform

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