Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia - 2023

Contents:

  1. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia (CIF) - 2023
  2. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia (FOB) - 2023
  3. Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia
  4. Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia (CIF) - 2023

The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $619 per thousand units in November 2023, declining by -3% against the previous month. In general, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in May 2023 when the average import price increased by 96% month-to-month. As a result, import price reached the peak level of $1.1 per unit. From June 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($1.3 per unit), while the price for Russia ($273 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (-1.6%), while the prices for the other major suppliers experienced a decline.

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia (FOB) - 2023

In November 2023, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $1.3 per unit, surging by 14% against the previous month. Over the period under review, the export price, however, showed a noticeable reduction. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 43% against the previous month. As a result, the export price reached the peak level of $2.4 per unit. From May 2023 to November 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Slovenia ($4.1 per unit), while the average price for exports to Romania ($648 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.9%), 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 Serbia

In 2022, imports of glass mirrors; whether or not framed, including rear-view mirrorses into Serbia reduced to 11M units, dropping by -6.2% on the previous year's figure. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of 12M units, and then dropped in the following year.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses rose sharply to $9.1M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,3202,1951,8262,46323.1%
Bulgaria1,0821,2331,8782,42630.9%
Czech Republic8456931,2838640.7%
Turkey34327633854816.9%
Italy25822237552226.5%
Russia95.317771.71043.0%
Others1,8259622,4172,1485.6%
Total5,7685,7588,1889,07416.3%

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

  1. Bulgaria (6.5M units)
  2. Czech Republic (2.0M units)
  3. China (1.3M units)
  4. Turkey (0.5M units)
  5. Italy (0.2M units)
  6. Russia (0.2M units)

Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia

In 2022, the amount of glass mirrors; whether or not framed, including rear-view mirrorses exported from Serbia rose notably to 1.5M units, growing by 8.7% compared with the year before. The total export volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses expanded rapidly to $2.5M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Montenegro3231503313310.8%
Spain41.022.620.428290.2%
Russia64.611029727762.5%
Bosnia and Herzegovina229193259221-1.2%
Croatia269139205164-15.2%
Turkey0.1N/AN/A1461034.4%
France25618580.1133-19.6%
Belgium37.265.114012549.8%
Germany85.693.982.793.42.9%
Romania71.093.011482.45.1%
North Macedonia47.699.492.771.114.3%
Bulgaria23.931.535.537.115.8%
Hungary35.420.024.828.3-7.2%
Others673594645480-10.7%
Total2,1571,7962,3272,4714.6%

Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from Serbia in 2022:

  1. Montenegro (326.6K units)
  2. Spain (226.0K units)
  3. Croatia (122.6K units)
  4. Bosnia and Herzegovina (122.3K units)
  5. Romania (113.7K units)
  6. Russia (76.4K units)
  7. Germany (60.0K units)
  8. North Macedonia (42.4K units)
  9. Turkey (39.6K units)
  10. Bulgaria (38.4K units)
  11. France (35.6K units)
  12. Belgium (30.8K units)
  13. Hungary (25.5K units)

Source: IndexBox Market Intelligence Platform

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