Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia - 2022
Contents:
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (FOB) - 2022
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (CIF) - 2022
- Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia
- Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia
Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (FOB) - 2022
In 2021, the average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $643 per thousand square meters, with an increase of 14% against the previous year. In general, the export price, however, showed a mild decline. The pace of growth was the most pronounced in 2016 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs at $733 per thousand square meters in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Yemen ($1.2 per square meter), while the average price for exports to Morocco ($580 per thousand square meters) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+17.0%), 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 Saudi Arabia (CIF) - 2022
In 2021, the average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $13 per square meter, increasing by 23% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses decreased by -33.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure at $21 per square meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.2% per year.
Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia
For the fourth consecutive year, Saudi Arabia recorded growth in overseas shipments of glass mirrors; unframed, excluding rear-view mirrors for vehicleses, which increased by 32% to 17M square meters in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 152%. The exports peaked in 2022 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 $11M in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 148% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| United Arab Emirates | 1,781 | 4,038 | 5,732 | 79.4% |
| Oman | 222 | 650 | 1,082 | 120.8% |
| Jordan | 75.2 | 111 | 412 | 134.1% |
| Morocco | 20.3 | 299 | 274 | 267.4% |
| United States | 12.3 | 156 | 208 | 311.2% |
| Egypt | N/A | 156 | 150 | -3.8% |
| Yemen | N/A | 415 | 0.3 | -99.9% |
| Lebanon | 174 | 197 | N/A | 13.2% |
| South Africa | 254 | 227 | N/A | -10.6% |
| Others | 16.5 | 88.5 | 179 | 229.4% |
| Total | 2,555 | 6,339 | 8,038 | 77.4% |
Top Export Markets for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles from Saudi Arabia in 2022:
- United Arab Emirates (9.3M square meters)
- Oman (1.5M square meters)
- Morocco (0.5M square meters)
- Jordan (0.5M square meters)
- United States (0.3M square meters)
- Egypt (0.2M square meters)
Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia
In 2021, supplies from abroad of glass mirrors; unframed, excluding rear-view mirrors for vehicleses decreased by -23% to 500K square meters for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 100%. As a result, imports reached the peak of 650K square meters, and then reduced dramatically in the following year.
In value terms, imports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses shrank to $6.4M in 2021. The total import value increased at an average annual rate of +4.0% from 2019 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 14%. As a result, imports reached the peak of $6.7M, and then dropped in the following year.
| Import of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| China | 4.5 | 5.6 | 5.3 | 8.5% |
| Others | 1.4 | 1.2 | 1.0 | -15.5% |
| Total | 5.9 | 6.7 | 6.4 | 4.2% |
Top Suppliers of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles to Saudi Arabia in 2022:
- China (466.8K square meters)
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