Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Nigeria - 2022

Contents:

  1. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Nigeria (CIF) - 2022
  2. Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Nigeria

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Nigeria (CIF) - 2022

In 2022, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $0.8 per unit, surging by 14% against the previous year. In general, the import price saw a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by 115%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Poland ($5.9 per unit), while the price for the United States ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Nigeria

In 2022, the amount of glass mirrors; whether or not framed, including rear-view mirrorses imported into Nigeria skyrocketed to 924K units, picking up by 199% on the previous year. Overall, imports, however, showed a sharp curtailment. Over the period under review, imports of reached the peak figure at 2.5M units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses skyrocketed to $725K in 2022. In general, imports saw a strong expansion. Imports peaked at $791K in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China34355464.9235-11.8%
PolandN/AN/AN/A1800%
Germany45.589.535.314647.5%
GreeceN/AN/AN/A47.00%
United States9.046.28.012.010.1%
Japan5.823.50.98.814.9%
South Africa1.71.52.38.571.0%
United Arab Emirates81.531.542.87.3-55.3%
Others59.545.158.579.510.1%
Total5467912137259.9%

Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to Nigeria in 2022:

  1. China (568.4K units)
  2. Germany (146.4K units)
  3. United States (38.5K units)
  4. Poland (30.7K units)
  5. South Africa (25.5K units)
  6. Japan (25.0K units)
  7. Greece (19.4K units)
  8. United Arab Emirates (8.1K units)

Source: IndexBox Market Intelligence Platform

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