Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States - 2023
Contents:
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States (FOB) - 2023
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States (CIF) - 2023
- Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States
- Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States (FOB) - 2023
The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $30.8 per unit in December 2023, which is down by -2.8% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 17% m-o-m. The export price peaked at $32.0 per unit in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Japan ($74.4 per unit), while the average price for exports to China ($14.7 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States (CIF) - 2023
The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.4 per unit in December 2023, declining by -13% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 20% against the previous month. As a result, import price attained the peak level of $1.8 per unit. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($5.6 per unit), while the price for China ($736 per thousand units) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States
In 2022, exports of glass mirrors; whether or not framed, including rear-view mirrorses from the United States soared to 54M units, growing by 17% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.6B in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $1.6B in 2019; afterwards, it flattened through to 2022.
| Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 468 | 461 | 462 | 478 | 0.7% |
| Canada | 279 | 217 | 213 | 260 | -2.3% |
| Japan | 247 | 223 | 224 | 245 | -0.3% |
| China | 110 | 140 | 180 | 191 | 20.2% |
| Mexico | 159 | 126 | 114 | 129 | -6.7% |
| South Korea | 60.8 | 64.3 | 73.0 | 85.8 | 12.2% |
| Brazil | 9.7 | 7.4 | 17.2 | 20.3 | 27.9% |
| Others | 268 | 129 | 160 | 150 | -17.6% |
| Total | 1,602 | 1,368 | 1,442 | 1,559 | -0.9% |
Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from the United States in 2022:
- Germany (17.1M units)
- China (8.9M units)
- Japan (6.8M units)
- Canada (5.7M units)
- Mexico (5.1M units)
- South Korea (3.2M units)
- Brazil (1.0M units)
Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States
In 2022, imports of glass mirrors; whether or not framed, including rear-view mirrorses into the United States expanded sharply to 635M units, increasing by 14% on 2021. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses rose slightly to $1.1B in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 494 | 423 | 524 | 498 | 0.3% |
| Mexico | 126 | 119 | 149 | 199 | 16.5% |
| Taiwan (Chinese) | 88.4 | 87.0 | 108 | 105 | 5.9% |
| South Korea | 41.5 | 45.1 | 51.3 | 67.8 | 17.8% |
| India | 35.5 | 31.7 | 54.6 | 56.0 | 16.4% |
| Vietnam | 27.3 | 38.9 | 49.6 | 53.4 | 25.1% |
| Canada | 21.4 | 14.9 | 23.3 | 25.7 | 6.3% |
| Others | 106 | 99.0 | 136 | 129 | 6.8% |
| Total | 940 | 859 | 1,096 | 1,134 | 6.5% |
Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to the United States in 2022:
- China (352.3M units)
- Taiwan (Chinese) (81.6M units)
- Mexico (59.2M units)
- India (32.5M units)
- Vietnam (29.5M units)
- Canada (12.5M units)
- South Korea (10.8M units)
432
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in the U.S..
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This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in the U.S..
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This report provides an in-depth analysis of the global market for glass rear-view vehicle mirror.
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