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

Contents:

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

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

In 2022, the average import price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses amounted to $1 per square meter, reducing by -31.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 81% against the previous year. The import price peaked at $1.7 per square meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($1.6 per square meter), while the price for China ($769 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 Indonesia (+12.2%), 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 Vietnam (FOB) - 2022

The average export price for glass mirrors; unframed, excluding rear-view mirrors for vehicleses stood at $2.7 per square meter in 2022, surging by 36% against the previous year. Over the period under review, the export price posted a moderate increase. The most prominent rate of growth was recorded in 2016 an increase of 36%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($8.3 per square meter), while the average price for exports to Cambodia ($856 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 the Philippines (+30.7%), 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 Vietnam

In 2022, approx. 28M square meters of glass mirrors; unframed, excluding rear-view mirrors for vehicleses were imported into Vietnam; rising by 56% compared with the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses expanded rapidly to $29M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. 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 Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China18.016.413.612.2-12.2%
Malaysia0.51.03.95.2118.3%
Indonesia2.82.93.24.517.1%
United States2.22.63.13.718.9%
Thailand2.82.72.52.91.2%
Others0.80.80.50.3-27.9%
Total27.026.426.828.82.2%

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

  1. China (15.9M square meters)
  2. Malaysia (3.9M square meters)
  3. United States (2.8M square meters)
  4. Indonesia (2.7M square meters)
  5. Thailand (2.5M square meters)

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

In 2022, the amount of glass mirrors; unframed, excluding rear-view mirrors for vehicleses exported from Vietnam fell markedly to 2.5M square meters, waning by -27.5% compared with 2021 figures. In general, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 5.1% against the previous year. Over the period under review, the exports of hit record highs at 5M square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of glass mirrors; unframed, excluding rear-view mirrors for vehicleses shrank to $6.8M in 2022. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 7.7% against the previous year. The exports peaked at $8.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Glass Mirrors; Unframed, Excluding Rear-View Mirrors for Vehicles in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand3,9312,7573,3263,385-4.9%
Malaysia1331967091,274112.4%
Taiwan (Chinese)2,6911,3471,184817-32.8%
China46.548552.127480.6%
United States1942482172041.7%
Kuwait5.93.73.2195220.9%
Cambodia99.992.810884.8-5.3%
Italy3.25.273.951.0151.7%
Hong Kong SAR15846249341.4-36.0%
Philippines21713769.534.0-46.1%
Others861678667438-20.2%
Total8,3416,4126,9036,798-6.6%

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

  1. Thailand (1295.3K square meters)
  2. Taiwan (Chinese) (535.0K square meters)
  3. Malaysia (198.7K square meters)
  4. United States (151.9K square meters)
  5. Cambodia (99.1K square meters)
  6. Kuwait (54.7K square meters)
  7. Italy (40.9K square meters)
  8. China (38.7K square meters)
  9. Philippines (6.6K square meters)
  10. Hong Kong SAR (5.0K square meters)

Source: IndexBox Market Intelligence Platform

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