Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria - 2023
Contents:
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria (CIF) - 2022
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria (FOB) - 2022
- Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria
- Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria
Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria (CIF) - 2022
In 2022, the average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $2.6 per square meter, jumping by 114% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth was the most pronounced in 2021 an increase of 117% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($25 per square meter), while the price for China ($565 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 India (+33.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria (FOB) - 2022
The average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $428 per thousand square meters in 2022, declining by -26.5% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 297% against the previous year. The export price peaked at $3 per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($2.3 per square meter), while the average price for exports to Colombia ($337 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 Niger (+14.7%), 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 Nigeria
After two years of decline, overseas purchases of glass mirrors; unframed, excluding rear-view mirrors for vehicleses increased by 301% to 108K square meters in 2022. Overall, imports, however, saw a sharp decrease. Imports peaked at 511K square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses soared to $284K in 2022. In general, imports recorded a resilient expansion. 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 Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 180 | 0% |
| China | 184 | 133 | 7.2 | 47.9 | -36.1% |
| Germany | 18.1 | 62.8 | 17.8 | 28.9 | 16.9% |
| Spain | N/A | N/A | N/A | 15.8 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 6.6 | 0% |
| Others | 2.1 | 8.6 | 8.1 | 4.6 | 29.9% |
| Total | 204 | 205 | 33.1 | 284 | 11.7% |
Top Suppliers of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles to Nigeria in 2022:
- China (84.9K square meters)
- Poland (10.0K square meters)
- Germany (6.9K square meters)
- Spain (3.3K square meters)
- United Arab Emirates (2.6K square meters)
Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria
In 2022, approx. 91K square meters of glass mirrors; unframed, excluding rear-view mirrors for vehicleses were exported from Nigeria; increasing by 407% against 2021. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses soared to $39K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 0.1 | 0.1 | 3.8 | 27.9 | 553.4% |
| Colombia | N/A | N/A | N/A | 8.8 | 0% |
| Niger | 2.4 | 2.2 | 4.3 | 1.6 | -12.6% |
| Congo | N/A | N/A | 1.6 | N/A | 0% |
| Others | 1.0 | 0.9 | 0.7 | 0.7 | -11.2% |
| Total | 3.5 | 3.1 | 10.5 | 39.0 | 123.4% |
Top Export Markets for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles from Nigeria in 2022:
- Benin (61.7K square meters)
- Colombia (26.0K square meters)
- Niger (2.0K square meters)
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