Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore - 2022
Contents:
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore (CIF) - 2022
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore (FOB) - 2022
- Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore
- Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore (CIF) - 2022
The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.1 per unit in September 2022, surging by 24% against the previous month. Overall, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 27% m-o-m. Over the period under review, average import prices hit record highs at $2.4 per unit in June 2022; however, from July 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was China ($1.8 per unit), while the price for Malaysia ($330 per thousand units) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced a decline.
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore (FOB) - 2022
The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.6 per unit in 2022, waning by -12.8% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $3.1 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($3.7 per unit), while the average price for exports to China ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.8%), while the prices for the other major destinations experienced a decline.
Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore
In 2022, purchases abroad of glass mirrors; whether or not framed, including rear-view mirrorses decreased by -7.7% to 14M units, falling for the second year in a row after two years of growth. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 111% against the previous year. As a result, imports reached the peak of 29M units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses fell to $17M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.6% 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 decreased by -19.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 60%. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 16.7 | 9.3 | 8.5 | 6.7% |
| Indonesia | 1.1 | 1.2 | 3.1 | 2.6 | 33.2% |
| Malaysia | 0.8 | 0.5 | 1.4 | 1.3 | 17.6% |
| United States | 0.8 | 0.6 | 1.2 | 1.0 | 7.7% |
| Germany | 0.7 | 0.6 | 1.1 | 0.6 | -5.0% |
| Italy | 0.5 | 0.3 | 0.8 | 0.5 | 0.0% |
| Belgium | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 2.4 | 1.7 | 2.4 | 2.7 | 4.0% |
| Total | 13.6 | 21.8 | 19.7 | 17.5 | 8.8% |
Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to Singapore in 2022:
- China (7.6M units)
- Indonesia (2.3M units)
- Malaysia (1.5M units)
- Germany (0.4M units)
- Belgium (0.4M units)
- Italy (0.3M units)
- United States (0.3M units)
Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore
Exports of glass mirrors; whether or not framed, including rear-view mirrorses from Singapore stood at 2.9M units in 2022, picking up by 7.7% on the previous year. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses declined to $4.7M in 2022. In general, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. The exports peaked at $5.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 957 | 1,040 | 1,043 | 947 | -0.3% |
| China | 295 | 328 | 316 | 559 | 23.7% |
| Indonesia | 331 | 232 | 463 | 520 | 16.2% |
| Australia | 437 | 72.9 | 603 | 454 | 1.3% |
| Japan | 358 | 142 | 174 | 323 | -3.4% |
| India | 150 | 146 | 323 | 321 | 28.9% |
| United States | 390 | 68.8 | 199 | 236 | -15.4% |
| Thailand | 255 | 178 | 101 | 195 | -8.6% |
| Taiwan (Chinese) | 604 | 510 | 309 | 177 | -33.6% |
| Maldives | 225 | 11.9 | 26.6 | 23.4 | -53.0% |
| Mexico | 483 | N/A | 4.0 | N/A | -90.9% |
| Others | 1,407 | 1,088 | 1,401 | 905 | -13.7% |
| Total | 5,892 | 3,818 | 4,963 | 4,659 | -7.5% |
Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from Singapore in 2022:
- Malaysia (952.4K units)
- China (570.7K units)
- Indonesia (419.2K units)
- Japan (188.4K units)
- Australia (137.8K units)
- United States (126.5K units)
- Thailand (90.3K units)
- India (86.5K units)
- Taiwan (Chinese) (56.7K units)
- Maldives (26.7K units)
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This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Singapore.
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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 Singapore.
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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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