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

Contents:

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

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

In 2022, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $2.4 per unit, jumping by 43% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the maximum at $2.7 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8.7 per unit), while the price for Belgium ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), 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 South Africa (FOB) - 2023

The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.5 per unit in November 2023, with an increase of 32% against the previous month. Over the period under review, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in August 2023 an increase of 46% month-to-month. The export price peaked at $2.2 per unit in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Nigeria ($2.9 per unit), while the average price for exports to Malawi ($365 per thousand units) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+2.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of glass mirrors; whether or not framed, including rear-view mirrorses imported into South Africa shrank markedly to 15M units, with a decrease of -19.7% on 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports reached the peak of 19M units, and then contracted significantly in the following year.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses expanded markedly to $36M in 2022. In general, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of hit record highs 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 South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.21.16.914.6130.0%
China7.05.89.07.94.1%
Taiwan (Chinese)3.22.53.13.1-1.1%
Thailand1.10.81.31.35.7%
United States11.57.95.30.9-57.2%
India0.60.40.70.810.1%
United Kingdom0.70.50.80.6-5.0%
Belgium0.30.10.20.30.0%
Saudi Arabia0.30.10.2N/A-18.4%
Others5.93.54.26.95.4%
Total31.922.731.536.24.3%

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

  1. China (9.0M units)
  2. Germany (1.7M units)
  3. Taiwan (Chinese) (0.8M units)
  4. Thailand (0.8M units)
  5. Belgium (0.7M units)
  6. India (0.6M units)
  7. United Kingdom (0.6M units)
  8. United States (0.1M units)

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

In 2022, exports of glass mirrors; whether or not framed, including rear-view mirrorses from South Africa reduced modestly to 3.1M units, dropping by -3.9% against the previous year. Overall, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. Over the period under review, the exports of hit record highs at 3.5M 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 reached $4.5M in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Namibia1,0347611,0771,1192.7%
Botswana5665246497258.6%
Zambia3773656534979.6%
Mozambique32430134443710.5%
Zimbabwe3902054194363.8%
Swaziland241211300233-1.1%
Malawi13112216799.1-8.9%
Others988854894966-0.7%
Total4,0503,3434,5044,5113.7%

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

  1. Namibia (636.7K units)
  2. Mozambique (556.5K units)
  3. Zimbabwe (516.3K units)
  4. Botswana (389.1K units)
  5. Zambia (286.0K units)
  6. Swaziland (181.2K units)
  7. Malawi (152.7K units)

Source: IndexBox Market Intelligence Platform

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