Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nepal - 2022

Contents:

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

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

The average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $699 per thousand square meters in 2022, with a decrease of -2.4% against the previous year. Overall, the import price, however, saw a notable expansion. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. Over the period under review, average import prices reached the peak figure at $1.3 per square meter in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 India ($1.3 per square meter), while the price for China ($516 per thousand square meters) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.

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

The average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $738 per thousand square meters in 2022, with a decrease of -78.4% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 50% against the previous year. The export price peaked at $7.3 per square meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($4.4 per square meter), while the average price for exports to the United Arab Emirates ($526 per thousand square meters) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of glass mirrors; unframed, excluding rear-view mirrors for vehicleses imported into Nepal totaled 1.9M square meters, flattening at 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 112%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses dropped modestly to $1.3M in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of $1.4M, and then contracted modestly in the following year.

Import of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China34235258170027.0%
India15724749442939.8%
BangladeshN/AN/A29.1161453.3%
Malaysia10.827.517.423.830.1%
United Arab Emirates7.039.114510.614.8%
Thailand0.31052.40.30.0%
IranN/AN/A82.6N/A0%
Others18.215.43.73.8-40.7%
Total5357861,3551,32835.4%

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

  1. China (1356.8K square meters)
  2. India (330.2K square meters)
  3. Bangladesh (174.8K square meters)
  4. Malaysia (25.8K square meters)
  5. United Arab Emirates (11.5K square meters)
  6. Thailand (0.2K square meters)

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

In 2022, approx. 206 square meters of glass mirrors; unframed, excluding rear-view mirrors for vehicleses were exported from Nepal; increasing by 14% compared with the previous year. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 240%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses fell remarkably to $152 in 2022. Overall, exports, however, continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 152% against the previous year. As a result, the exports attained the peak of $1.1K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nepal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/A608102-83.2%
Spain3739795.044.0-51.0%
Canada53.096.01.02.0-66.5%
OthersN/AN/A1.04.0300.0%
Total4261,075615152-29.1%

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

  1. United Arab Emirates (194.0 square meters)
  2. Spain (10.0 square meters)
  3. Canada (1.0 square meters)

Source: IndexBox Market Intelligence Platform

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