Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Panama - 2024
Contents:
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Panama (CIF) - 2022
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Panama (FOB) - 2022
- Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Panama
- Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Panama
Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Panama (CIF) - 2022
In 2022, the average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $1.2 per square meter, with an increase of 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 an increase of 38%. 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 the United States ($7.6 per square meter), while the price for Hong Kong SAR ($838 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 Chile (+19.5%), 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 Panama (FOB) - 2022
The average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $1.1 per square meter in 2020, falling by -52.7% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $3 per square meter. From 2016 to 2020, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($2.1 per square meter), while the average price for exports to Suriname ($93 per thousand square meters) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.8%), 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 Panama
In 2022, approx. 1M square meters of glass mirrors; unframed, excluding rear-view mirrors for vehicleses were imported into Panama; waning by -22.8% against the year before. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 109%. Over the period under review, imports of reached the maximum at 1.5M 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 contracted sharply to $1.2M in 2022. In general, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 190%. As a result, imports attained the peak of $1.5M, and then contracted significantly in the following year.
| Import of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 674 | 215 | 870 | 798 | 5.8% |
| Mexico | 300 | 103 | 239 | 179 | -15.8% |
| Malaysia | 3.1 | 0.9 | 14.1 | 27.1 | 106.0% |
| Belgium | 39.0 | 16.5 | 21.6 | 21.3 | -18.3% |
| Hong Kong SAR | 26.9 | 7.4 | 8.1 | 13.6 | -20.3% |
| Chile | 47.8 | 18.6 | 10.2 | 4.4 | -54.8% |
| Brazil | 50.9 | 39.0 | 93.4 | 1.9 | -66.6% |
| Others | 171 | 102 | 200 | 141 | -6.2% |
| Total | 1,312 | 503 | 1,457 | 1,187 | -3.3% |
Top Suppliers of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles to Panama in 2022:
- China (712.4K square meters)
- Mexico (201.1K square meters)
- Malaysia (23.6K square meters)
- Belgium (21.2K square meters)
- Hong Kong SAR (16.2K square meters)
- Brazil (1.7K square meters)
- Chile (0.8K square meters)
Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Panama
Exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses from Panama skyrocketed to 127K square meters in 2020, rising by 161% against 2019. Overall, exports recorded 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 skyrocketed to $140K in 2020. The total export value increased at an average annual rate of +23.3% from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Panama (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| United States | 0.6 | 20.4 | 3300.0% |
| Colombia | 19.0 | 19.2 | 1.1% |
| Peru | 2.7 | 13.9 | 414.8% |
| Costa Rica | 1.5 | 10.2 | 580.0% |
| Chile | 3.0 | 9.7 | 223.3% |
| Venezuela | 8.8 | 9.1 | 3.4% |
| Aruba | 0.3 | 2.7 | 800.0% |
| Guatemala | 0.9 | 2.4 | 166.7% |
| Honduras | 5.6 | 0.9 | -83.9% |
| Suriname | 0.2 | 0.3 | 50.0% |
| Others | 70.9 | 51.2 | -27.8% |
| Total | 113 | 140 | 23.9% |
Top Export Markets for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles from Panama in 2022:
- United States (48.8K square meters)
- Costa Rica (17.7K square meters)
- Colombia (15.3K square meters)
- Peru (11.8K square meters)
- Chile (7.3K square meters)
- Venezuela (7.3K square meters)
- Suriname (2.9K square meters)
- Aruba (2.2K square meters)
- Guatemala (2.1K square meters)
- Honduras (0.7K square meters)
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This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Panama.
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