Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam - 2022
Contents:
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam (FOB) - 2022
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam (CIF) - 2022
- Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam
- Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam (FOB) - 2022
The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $2.1 per unit in December 2022, surging by 6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 23% m-o-m. As a result, the export price reached the peak level of $2.6 per unit. From October 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was Germany ($2.3 per unit), while the average price for exports to Thailand ($702 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.3%), 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 Vietnam (CIF) - 2022
The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.8 per unit in December 2022, reducing by -27.6% against the previous month. In general, import price indicated pronounced growth from December 2021 to December 2022: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for glass mirrors; whether or not framed, including rear-view mirrorses decreased by -27.6% against November 2022 indices. The pace of growth was the most pronounced in February 2022 when the average import price increased by 109% against the previous month. As a result, import price attained the peak level of $2.8 per unit. From March 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($1.7 per unit), while the price for Malaysia ($826 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam
In 2022, exports of glass mirrors; whether or not framed, including rear-view mirrorses from Vietnam skyrocketed to 46M units, growing by 64% on the year before. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 69%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses expanded significantly to $97M in 2022. The total export value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.5 | 63.1 | 61.9 | 65.8 | 8.5% |
| Thailand | 3.2 | 2.9 | 3.5 | 3.8 | 5.9% |
| Germany | 0.2 | 2.0 | 1.0 | 2.3 | 125.7% |
| Malaysia | 1.4 | 1.3 | 0.9 | 1.7 | 6.7% |
| Taiwan (Chinese) | 2.5 | 1.8 | 1.6 | 1.4 | -17.6% |
| Others | 15.4 | 16.9 | 18.2 | 22.0 | 12.6% |
| Total | 74.3 | 88.0 | 87.2 | 97.0 | 9.3% |
Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from Vietnam in 2022:
- United States (28.3M units)
- Thailand (6.5M units)
- Malaysia (2.1M units)
- Taiwan (Chinese) (1.4M units)
- Germany (1.0M units)
Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam
In 2022, supplies from abroad of glass mirrors; whether or not framed, including rear-view mirrorses was finally on the rise to reach 36M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep slump. Imports peaked at 52M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses skyrocketed to $68M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.1 | 24.0 | 23.7 | 30.6 | 2.9% |
| Thailand | 6.3 | 7.6 | 7.5 | 8.9 | 12.2% |
| South Korea | 6.2 | 6.3 | 6.5 | 7.8 | 8.0% |
| Indonesia | 4.6 | 4.4 | 4.6 | 7.1 | 15.6% |
| Malaysia | 0.2 | 1.4 | 4.9 | 6.2 | 214.1% |
| Others | 7.5 | 7.8 | 7.3 | 7.5 | 0.0% |
| Total | 53.1 | 51.5 | 54.5 | 68.0 | 8.6% |
Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to Vietnam in 2022:
- China (20.7M units)
- Indonesia (7.0M units)
- Thailand (5.0M units)
- Malaysia (1.7M units)
- South Korea (0.9M units)
363
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Vietnam.
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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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This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Vietnam.
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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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