Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria - 2023
Contents:
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria (CIF) - 2022
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria (FOB) - 2022
- Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria
- Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria (CIF) - 2022
The average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $2,110 per ton in 2022, increasing by 51% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 216% against the previous year. The import price peaked at $2,431 per ton in 2015; however, from 2016 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 Taiwan (Chinese) ($7,529 per ton), while the price for China ($1,198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria (FOB) - 2022
In 2022, the average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $1,705 per ton, falling by -30.2% against the previous year. In general, the export price faced a deep setback. The growth pace was the most rapid in 2015 when the average export price increased by 53%. Over the period under review, the average export prices reached the peak figure at $4,902 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($9,026 per ton), while the average price for exports to Benin ($644 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 Senegal (+62.3%), 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 Nigeria
In 2022, supplies from abroad of glass mirrors; framed, excluding rear-view mirrors for vehicleses was finally on the rise to reach 134 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep downturn.
In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses surged to $283K in 2022. In general, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 89.2 | 98.8 | 34.3 | 123 | 11.3% |
| Germany | 3.8 | 3.4 | 1.0 | 59.4 | 150.0% |
| Greece | N/A | N/A | N/A | 47.0 | 0% |
| Taiwan (Chinese) | N/A | N/A | 25.2 | 32.5 | 29.0% |
| Turkey | N/A | 0.6 | N/A | 4.5 | 173.9% |
| United States | 7.6 | 31.8 | 0.3 | 4.0 | -19.3% |
| Others | 72.8 | 20.1 | 19.8 | 12.5 | -44.4% |
| Total | 173 | 155 | 80.5 | 283 | 17.8% |
Top Suppliers of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles to Nigeria in 2022:
- China (103.0 tons)
- Germany (14.6 tons)
- Greece (7.4 tons)
- Taiwan (Chinese) (4.3 tons)
- Turkey (2.6 tons)
- United States (0.2 tons)
Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria
In 2022, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses from Nigeria fell notably to 4.5 tons, waning by -31.2% compared with 2021 figures. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 339% against the previous year. As a result, the exports attained the peak of 6.5 tons, and then dropped markedly in the following year.
In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses shrank rapidly to $7.6K in 2022. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 254%. As a result, the exports attained the peak of $16K, and then contracted rapidly in the following year.
| Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | N/A | N/A | N/A | 1.8 | 0% |
| Sao Tome and Principe | 3.0 | N/A | N/A | 1.5 | -20.6% |
| Angola | 0.6 | 0.1 | 0.8 | 1.0 | 18.6% |
| Kenya | 0.4 | 0.2 | 0.9 | 1.0 | 35.7% |
| Ethiopia | N/A | 0.3 | N/A | 0.3 | 0.0% |
| Ghana | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Tanzania | N/A | N/A | N/A | 0.2 | 0% |
| Niger | 0.4 | 1.0 | 0.3 | N/A | -13.4% |
| Democratic Republic of the Congo | N/A | N/A | 8.7 | N/A | 0% |
| Others | 1.3 | 2.9 | 4.8 | 1.6 | 7.2% |
| Total | 5.7 | 4.5 | 15.8 | 7.6 | 10.1% |
Top Export Markets for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles from Nigeria in 2022:
- Benin (2802.0 kg)
- Angola (535.0 kg)
- Sao Tome and Principe (400.0 kg)
- Ethiopia (228.0 kg)
- Ghana (157.0 kg)
- Kenya (115.0 kg)
- Tanzania (101.0 kg)
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This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Nigeria.
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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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