Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia - 2022

Contents:

1. Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia (FOB) - 2022
2. Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia (CIF) - 2022
3. Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia
4. Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia

Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia (FOB) - 2022

The average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $5,237 per ton in 2022, declining by -1.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 12%. Over the period under review, the average export prices hit record highs at $5,331 per ton in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($8,660 per ton), while the average price for exports to Japan ($3,783 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia (CIF) - 2022

The average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $6,316 per ton in 2022, increasing by 16% against the previous year. Overall, the import price showed a remarkable increase. The growth pace was the most rapid in 2018 when the average import price increased by 36% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($6,410 per ton), while the price for China amounted to $5,987 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%).

Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia

For the fourth year in a row, Indonesia recorded growth in shipments abroad of glass mirrors; framed, excluding rear-view mirrors for vehicleses, which increased by 0.6% to 2.5K tons in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +50.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses contracted modestly to $13M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $13M, and then shrank in the following year.

Top Export Markets for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles from Indonesia in 2022:

1. United States (1024.3 tons)
2. France (206.8 tons)
3. Netherlands (181.6 tons)
4. Spain (154.8 tons)
5. Australia (125.4 tons)
6. Germany (86.1 tons)
7. Japan (70.9 tons)
8. Singapore (68.0 tons)
9. Belgium (58.2 tons)
10. United Kingdom (56.9 tons)
11. Maldives (50.2 tons)
12. Canada (38.8 tons)
13. South Korea (30.5 tons)

Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Indonesia

In 2022, the amount of glass mirrors; framed, excluding rear-view mirrors for vehicleses imported into Indonesia was estimated at 2K tons, growing by 11% on 2021 figures. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses surged to $13M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles to Indonesia in 2022:

1. China (2008.4 tons)
2. United Kingdom (0.2 tons)

Source: IndexBox Market Intelligence Platform