Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala - 2024

Contents:

  1. Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala (CIF) - 2024
  2. Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala (FOB) - 2022
  3. Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala
  4. Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala

Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala (CIF) - 2024

The average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $527 per thousand square meters in April 2024, dropping by -6.4% against the previous month. Overall, import price indicated a slight expansion from April 2023 to April 2024: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2024 figures, import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses increased by +5.7% against February 2024 indices. The most prominent rate of growth was recorded in December 2023 an increase of 55% m-o-m. As a result, import price reached the peak level of $976 per thousand square meters. From January 2024 to April 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($540 per thousand square meters), while the price for Malaysia amounted to $351 per thousand square meters.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by China (+2.2%).

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

The average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $2.5 per square meter in 2022, which is down by -9.7% against the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 69%. The export price peaked at $5.1 per square meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($3.7 per square meter), while the average price for exports to Nicaragua ($1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala

In 2022, approx. 4.3M square meters of glass mirrors; unframed, excluding rear-view mirrors for vehicleses were imported into Guatemala; with an increase of 5.3% on 2021 figures. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses surged to $3.7M in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 59%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.71.82.73.223.5%
MalaysiaN/AN/A0.20.350.0%
Others0.20.20.30.20.0%
Total1.82.03.23.727.1%

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

  1. China (3.9M square meters)
  2. Malaysia (0.3M square meters)

Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala

In 2022, approx. 70K square meters of glass mirrors; unframed, excluding rear-view mirrors for vehicleses were exported from Guatemala; jumping by 164% against 2021 figures. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 2,414%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses surged to $174K in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,467%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras1.20.170.2150400.0%
El Salvador5.84.30.113.030.9%
BelizeN/AN/A1.910.8468.4%
Others0.10.30.80.571.0%
Total7.04.773.0174191.8%

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

  1. Honduras (61.9K square meters)
  2. Belize (4.3K square meters)
  3. El Salvador (3.5K square meters)

Source: IndexBox Market Intelligence Platform

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