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

Contents:

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

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

The average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $815 per thousand square meters in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 37% against the previous year. As a result, import price reached the peak level of $923 per thousand square meters. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($852 per thousand square meters) and China ($769 per thousand square meters), while the price for Indonesia ($589 per thousand square meters) and Belgium ($725 per thousand square meters) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), 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 Sri Lanka (FOB) - 2022

The average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $2.3 per square meter in 2022, increasing by 38% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2016 an increase of 52% against the previous year. Over the period under review, the average export prices reached the maximum at $5 per square meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($12 per square meter), while the average price for exports to the United Arab Emirates ($420 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 Maldives (+7.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of glass mirrors; unframed, excluding rear-view mirrors for vehicleses was finally on the rise to reach 969K square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a dramatic slump. Imports peaked at 2M 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 totaled $790K in 2022. In general, imports, however, faced a sharp setback. Imports peaked at $1.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China957592328429-23.5%
India15921429921410.4%
Belgium78.564.933.833.5-24.7%
Thailand16293.369.832.3-41.6%
Indonesia19289.815.313.5-58.7%
Iran38.12.21.82.2-61.3%
Others75.761.138.365.1-4.9%
Total1,6621,117787790-22.0%

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

  1. China (558.1K square meters)
  2. India (250.9K square meters)
  3. Belgium (46.2K square meters)
  4. Thailand (44.1K square meters)
  5. Indonesia (22.9K square meters)
  6. Iran (7.8K square meters)

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

In 2022, exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses from Sri Lanka skyrocketed to 19K square meters, rising by 104% against the previous year. Over the period under review, exports saw 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 surged to $44K in 2022. In general, exports, however, saw a abrupt shrinkage. The exports peaked at $56K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives52.232.89.625.9-20.8%
Oman0.61.11.112.8177.3%
United Arab Emirates2.64.94.45.024.4%
Others0.50.30.50.50.0%
Total55.939.115.644.2-7.5%

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

  1. United Arab Emirates (11.9K square meters)
  2. Oman (5.5K square meters)
  3. Maldives (2.1K square meters)

Source: IndexBox Market Intelligence Platform

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