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

Contents:

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

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

The average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $6,916 per ton in 2022, surging by 3.6% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses increased by +31.9% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 25%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($13,333 per ton), while the price for Vietnam ($5,293 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.0%), 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 Sri Lanka (FOB) - 2022

In 2022, the average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $4,441 per ton, dropping by -11.5% against the previous year. In general, the export price recorded a perceptible descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 65%. Over the period under review, the average export prices attained the maximum at $6,871 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($11,083 per ton), while the average price for exports to Costa Rica ($836 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 Germany (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses into Sri Lanka dropped rapidly to 72 tons in 2022, waning by -65.5% compared with the year before. Over the period under review, imports saw a sharp decrease. The smallest decline of -6.6% was in 2021.

In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses contracted remarkably to $499K in 2022. Overall, imports faced a sharp contraction. The smallest decline of -1.8% was in 2021.

Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,2591,3321,327452-28.9%
MalaysiaN/AN/AN/A31.40%
VietnamN/A0.8N/A6.8191.5%
Others22690.670.99.7-65.0%
Total1,4851,4241,397499-30.5%

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

  1. China (66.4 tons)
  2. Malaysia (3.1 tons)
  3. Vietnam (1.3 tons)

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

Exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses from Sri Lanka soared to 9.5 tons in 2022, growing by 22% on the previous year's figure. Over the period under review, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 224% against the previous year.

In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses expanded sharply to $42K in 2022. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 314% against the previous year.

Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives51.7N/A29.317.3-30.6%
United StatesN/AN/AN/A9.00%
GermanyN/AN/AN/A7.10%
Oman2.06.61.45.136.6%
Costa RicaN/AN/A0.20.20.0%
IndiaN/A2.87.60.1-81.1%
Others3.5N/A0.43.3-1.9%
Total57.29.439.042.2-9.6%

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

  1. Maldives (3.0 tons)
  2. Oman (2.9 tons)
  3. United States (1.7 tons)
  4. Germany (1.1 tons)
  5. Costa Rica (0.3 tons)

Source: IndexBox Market Intelligence Platform

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