Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea - 2022
Contents:
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea (CIF) - 2022
- Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea (FOB) - 2022
- Imports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea
- Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea
Price for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea (CIF) - 2022
In 2022, the average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $714 per thousand square meters, falling by -4.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $988 per thousand square meters. From 2016 to 2022, the average import prices remained at a somewhat 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 Thailand ($981 per thousand square meters), while the price for the United States ($151 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 Malaysia (+12.0%), 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 South Korea (FOB) - 2022
In 2022, the average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $4.1 per square meter, increasing by 36% against the previous year. In general, the export price continues to indicate moderate growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 63% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($14 per square meter), while the average price for exports to the Philippines ($3.1 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+21.3%), 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 South Korea
In 2022, approx. 39M square meters of glass mirrors; unframed, excluding rear-view mirrors for vehicleses were imported into South Korea; with a decrease of -12.7% on 2021. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 0.2%. Over the period under review, imports of reached the maximum at 47M 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 declined sharply to $28M in 2022. In general, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of $33M, and then contracted sharply in the following year.
| Import of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.3 | 19.7 | 24.9 | 21.3 | 0.0% |
| Thailand | 2.4 | 2.3 | 2.0 | 2.2 | -2.9% |
| Taiwan (Chinese) | 0.1 | 0.7 | 2.8 | 1.3 | 135.1% |
| United States | 2.6 | 1.5 | 1.2 | 0.8 | -32.5% |
| Indonesia | 1.0 | 0.7 | 0.9 | 0.7 | -11.2% |
| Malaysia | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Others | 0.9 | 0.9 | 0.8 | 0.7 | -8.0% |
| Total | 28.5 | 25.8 | 33.1 | 27.6 | -1.1% |
Top Suppliers of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles to South Korea in 2022:
- China (21.7M square meters)
- Taiwan (Chinese) (7.8M square meters)
- United States (5.1M square meters)
- Thailand (2.2M square meters)
- Indonesia (0.7M square meters)
- Malaysia (0.6M square meters)
Exports of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea
In 2022, overseas shipments of glass mirrors; unframed, excluding rear-view mirrors for vehicleses increased by 8.2% to 473K square meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a dramatic downturn. The exports peaked at 976K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses soared to $2M in 2022. The total export value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 450 | 595 | 544 | 794 | 20.8% |
| Turkey | 128 | 172 | 130 | 272 | 28.6% |
| Vietnam | 47.6 | 25.1 | 70.0 | 143 | 44.3% |
| China | 249 | 48.5 | 36.3 | 132 | -19.1% |
| Guinea | 3.8 | 5.0 | N/A | 124 | 219.6% |
| Philippines | 18.1 | 15.4 | 0.6 | 114 | 84.7% |
| India | 312 | 337 | 107 | 110 | -29.4% |
| Taiwan (Chinese) | 4.7 | 53.8 | 152 | 106 | 182.5% |
| Japan | 160 | 218 | 187 | 29.0 | -43.4% |
| Kazakhstan | 67.5 | 17.7 | N/A | N/A | -73.8% |
| Others | 63.3 | 62.8 | 101 | 127 | 26.1% |
| Total | 1,504 | 1,551 | 1,326 | 1,952 | 9.1% |
Top Export Markets for Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles from South Korea in 2022:
- United States (248.4K square meters)
- Turkey (56.1K square meters)
- Philippines (36.9K square meters)
- Guinea (36.1K square meters)
- India (28.4K square meters)
- Taiwan (Chinese) (28.2K square meters)
- Vietnam (16.9K square meters)
- China (9.3K square meters)
- Japan (4.8K square meters)
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