Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR - 2024
Contents:
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR (CIF) - 2024
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR (FOB) - 2022
- Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR
- Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR
Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR (CIF) - 2024
In March 2024, the average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $1.6 per square meter, reducing by -38.6% against the previous month. Overall, the import price, however, continues to indicate a moderate expansion. The pace of growth was the most pronounced in December 2023 when the average import price increased by 100% m-o-m. The import price peaked at $6.4 per square meter in October 2023; however, from November 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was China ($2.0 per square meter), while the price for Thailand ($696 per thousand square meters) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Belgium (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR (FOB) - 2022
The average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $5 per square meter in 2022, waning by -12.8% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% 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; unframed, excluding rear-view mirrors for vehicleses decreased by -19.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 59%. Over the period under review, the average export prices hit record highs at $6.2 per square meter in 2020; however, from 2021 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 Vietnam ($17 per square meter), while the average price for exports to Macao SAR ($2 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 Macao SAR (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR
In 2022, imports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses into Hong Kong SAR soared to 2.2M square meters, jumping by 199% on the year before. Over the period under review, imports showed significant growth. As a result, imports reached 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 soared to $4.5M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,086 | 881 | 706 | 3,834 | 52.3% |
| Belgium | 167 | 66.7 | 152 | 185 | 3.5% |
| Others | 683 | 851 | 398 | 495 | -10.2% |
| Total | 1,936 | 1,798 | 1,256 | 4,514 | 32.6% |
Top Suppliers of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles to Hong Kong SAR in 2022:
- China (1844.9K square meters)
- Belgium (292.3K square meters)
Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of glass mirrors; unframed, excluding rear-view mirrors for vehicleses, which decreased by -59.5% to 301K square meters in 2022. Overall, exports faced a sharp downturn. The smallest decline of -11.1% was in 2020. The exports peaked at 1.1M square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses dropped markedly to $1.5M in 2022. Over the period under review, exports showed a sharp decrease. The smallest decline of -2.4% was in 2020. The exports peaked at $5.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,214 | 4,920 | 3,304 | 868 | -45.0% |
| Singapore | 14.1 | N/A | 221 | 184 | 135.4% |
| Vietnam | 392 | 421 | 340 | 136 | -29.7% |
| Japan | 79.7 | 104 | 110 | 129 | 17.4% |
| Macao SAR | 36.8 | 91.1 | 83.0 | 47.6 | 9.0% |
| United States | 110 | 118 | 98.9 | 41.4 | -27.8% |
| Others | 93.4 | 145 | 94.6 | 93.9 | 0.2% |
| Total | 5,940 | 5,799 | 4,252 | 1,501 | -36.8% |
Top Export Markets for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles from Hong Kong SAR in 2022:
- China (223.5K square meters)
- Macao SAR (23.4K square meters)
- Singapore (18.0K square meters)
- Japan (14.8K square meters)
- Vietnam (7.8K square meters)
- United States (4.2K square meters)
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