Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia - 2024
Contents:
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia (CIF) - 2022
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia (FOB) - 2022
- Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia
- Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia (CIF) - 2022
In 2022, the average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $2,201 per ton, with an increase of 19% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 49%. Over the period under review, average import prices reached the peak figure at $3,148 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($3,100 per ton), while the price for China stood at $1,974 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%).
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia (FOB) - 2022
In 2022, the average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $4,669 per ton, picking up by 40% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses increased by +85.7% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,665 per ton), while the average price for exports to Vietnam ($1,401 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 the United Arab Emirates (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia
After three years of growth, purchases abroad of glass mirrors; framed, excluding rear-view mirrors for vehicleses decreased by -16.5% to 4.4K tons in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume 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 +60.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, imports reached the peak of 5.3K tons, and then declined remarkably in the following year.
In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses contracted modestly to $9.8M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +53.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of $9.8M, leveling off in the following year.
| Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 5.1 | 8.5 | 8.3 | 21.7% |
| Thailand | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Japan | N/A | 1.8 | N/A | 0.1 | -76.4% |
| Others | 1.4 | 0.8 | 1.2 | 1.2 | -5.0% |
| Total | 6.4 | 7.9 | 9.8 | 9.8 | 15.3% |
Top Suppliers of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles to Malaysia in 2022:
- China (4.2K tons)
- Thailand (0.1K tons)
Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia
In 2022, approx. 698 tons of glass mirrors; framed, excluding rear-view mirrors for vehicleses were exported from Malaysia; with a decrease of -10.6% against 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 780 tons, and then dropped in the following year.
In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses surged to $3.3M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 484 | 182 | 758 | 1,074 | 30.4% |
| United States | 708 | 811 | 706 | 848 | 6.2% |
| Australia | 71.4 | 16.6 | 136 | 323 | 65.4% |
| United Arab Emirates | 119 | 49.5 | 156 | 292 | 34.9% |
| Philippines | N/A | 10.9 | 2.1 | 172 | 297.2% |
| Saudi Arabia | 211 | 96.2 | 309 | 75.8 | -28.9% |
| Vietnam | 1.4 | 11.5 | 61.3 | 46.7 | 221.9% |
| Thailand | 33.6 | 5.9 | 255 | 37.1 | 3.4% |
| Canada | 51.3 | 62.8 | 34.7 | 22.2 | -24.4% |
| Maldives | 119 | 179 | N/A | 10.5 | -55.5% |
| Others | 313 | 245 | 186 | 358 | 4.6% |
| Total | 2,112 | 1,671 | 2,604 | 3,258 | 15.5% |
Top Export Markets for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles from Malaysia in 2022:
- United States (222.2 tons)
- Singapore (168.3 tons)
- Australia (89.6 tons)
- United Arab Emirates (43.7 tons)
- Philippines (41.6 tons)
- Vietnam (33.3 tons)
- Saudi Arabia (24.7 tons)
- Canada (11.9 tons)
- Thailand (5.1 tons)
- Maldives (2.7 tons)
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