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

Contents:

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

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

The average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $470 per thousand square meters in May 2024, declining by -1.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average export price increased by 16% against the previous month. As a result, the export price reached the peak level of $564 per thousand square meters. From August 2023 to May 2024, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In May 2024, the countries with the highest prices were Australia ($601 per thousand square meters) and South Korea ($575 per thousand square meters), while the average price for exports to Vietnam ($409 per thousand square meters) and India ($426 per thousand square meters) were amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In May 2024, the average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $687 per thousand square meters, approximately mirroring the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average import price increased by 32% against the previous month. Over the period under review, average import prices hit record highs at $917 per thousand square meters in November 2023; however, from December 2023 to May 2024, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In May 2024, the country with the highest price was Indonesia ($856 per thousand square meters), while the price for China ($608 per thousand square meters) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

For the fourth consecutive year, Malaysia recorded growth in shipments abroad of glass mirrors; unframed, excluding rear-view mirrors for vehicleses, which increased by 66% to 25M square meters in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,125% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses surged to $17M in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,224% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

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

1. Vietnam (11.0M square meters)
2. India (4.6M square meters)
3. United States (1.2M square meters)
4. Turkey (1.1M square meters)
5. Cambodia (1.1M square meters)
6. Philippines (0.9M square meters)
7. Peru (0.8M square meters)
8. Australia (0.7M square meters)
9. Singapore (0.5M square meters)
10. Bangladesh (0.4M square meters)
11. Guatemala (0.4M square meters)
12. Poland (0.1M square meters)

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of glass mirrors; unframed, excluding rear-view mirrors for vehicleses, when their volume increased by 24% to 14M square meters. In general, imports, however, showed a abrupt decrease. Over the period under review, imports of attained the peak figure at 21M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses expanded markedly to $13M in 2022. Over the period under review, imports, however, continue to indicate a deep contraction. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. China (6.9M square meters)
2. Thailand (3.8M square meters)
3. Indonesia (2.5M square meters)

Source: IndexBox Market Intelligence Platform