Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia - 2023
Contents:
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia (CIF) - 2022
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia (FOB) - 2023
- Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia
- Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia (CIF) - 2022
In 2022, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $1.1 per unit, rising by 3.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $1.1 per unit in 2014; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($5.6 per unit), while the price for Russia ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia (FOB) - 2023
The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $2.1 per unit in October 2023, waning by -17.9% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 64% m-o-m. Over the period under review, the average export prices hit record highs at $3.9 per unit in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Russia ($8.1 per unit), while the average price for exports to Lithuania ($1.3 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia
In 2022, supplies from abroad of glass mirrors; whether or not framed, including rear-view mirrorses decreased by -4.4% to 5M units, falling for the second year in a row after two years of growth. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 52% against the previous year. As a result, imports reached the peak of 5.4M units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses shrank to $5.6M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. Over the period under review, imports of reached the peak figure at $5.7M in 2021, and then shrank slightly in the following year.
| Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 863 | 1,043 | 1,746 | 1,484 | 19.8% |
| China | 817 | 885 | 560 | 920 | 4.0% |
| Germany | 399 | 556 | 619 | 603 | 14.8% |
| Lithuania | 301 | 389 | 404 | 584 | 24.7% |
| Russia | 60.0 | 390 | 412 | 269 | 64.9% |
| Belgium | 211 | 190 | 248 | 248 | 5.5% |
| Czech Republic | 85.8 | 90.1 | 114 | 118 | 11.2% |
| Others | 877 | 1,414 | 1,559 | 1,396 | 16.8% |
| Total | 3,615 | 4,956 | 5,662 | 5,622 | 15.9% |
Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to Latvia in 2022:
- Russia (1688.2K units)
- Poland (951.9K units)
- China (881.2K units)
- Belgium (632.1K units)
- Lithuania (321.9K units)
- Germany (130.4K units)
- Czech Republic (118.9K units)
Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia
In 2022, shipments abroad of glass mirrors; whether or not framed, including rear-view mirrorses decreased by -8.3% to 1.6M units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 1.8M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses fell to $2.5M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33%. Over the period under review, the exports of attained the maximum at $2.7M in 2021, and then reduced in the following year.
| Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 489 | 574 | 566 | 604 | 7.3% |
| Estonia | 432 | 532 | 744 | 550 | 8.4% |
| France | 124 | 183 | 314 | 402 | 48.0% |
| Russia | 157 | 385 | 523 | 247 | 16.3% |
| Sweden | 83.9 | 112 | 184 | 191 | 31.5% |
| Belarus | 42.6 | 86.8 | 76.7 | 83.0 | 24.9% |
| Kazakhstan | 1.3 | 0.8 | 3.0 | 38.8 | 210.2% |
| Others | 234 | 203 | 284 | 355 | 14.9% |
| Total | 1,564 | 2,076 | 2,695 | 2,472 | 16.5% |
Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from Latvia in 2022:
- Lithuania (631.4K units)
- Estonia (437.9K units)
- France (208.3K units)
- Sweden (128.7K units)
- Russia (32.7K units)
- Kazakhstan (27.7K units)
- Belarus (27.1K units)
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This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Latvia.
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This report provides an in-depth analysis of the global market for glass rear-view vehicle mirror.
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This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Latvia.
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This report provides an in-depth analysis of the global market for glass rear-view vehicle mirror.
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