Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea - 2022
Contents:
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea (CIF) - 2022
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea (FOB) - 2022
- Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea
- Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea (CIF) - 2022
The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $3.9 per unit in 2022, leveling off at the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. The import price peaked at $15 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the United States ($22 per unit), while the price for Indonesia ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea (FOB) - 2022
The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $8.3 per unit in December 2022, increasing by 6.7% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 47% month-to-month. As a result, the export price attained the peak level of $8.7 per unit. From February 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was India ($12.7 per unit), while the average price for exports to China ($964 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+29.1%), 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 South Korea
In 2022, after three years of growth, there was decline in overseas purchases of glass mirrors; whether or not framed, including rear-view mirrorses, when their volume decreased by -1.5% to 48M units. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. As a result, imports attained the peak of 48M units, and then shrank in the following year.
In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses shrank slightly to $185M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +45.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports attained the peak of $186M, leveling off in the following year.
| Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 65.5 | 87.6 | 117 | 114 | 20.3% |
| United States | 49.3 | 50.3 | 54.0 | 58.7 | 6.0% |
| Taiwan (Chinese) | 0.8 | 1.8 | 3.6 | 2.0 | 35.7% |
| Indonesia | 1.3 | 1.0 | 1.1 | 0.9 | -11.5% |
| Vietnam | 0.7 | 0.9 | 0.8 | 0.7 | 0.0% |
| Others | 9.2 | 7.9 | 8.9 | 8.7 | -1.8% |
| Total | 127 | 150 | 186 | 185 | 13.4% |
Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to South Korea in 2022:
- China (41.0M units)
- United States (2.7M units)
- Indonesia (1.4M units)
- Taiwan (Chinese) (1.3M units)
- Vietnam (0.5M units)
Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea
In 2022, after two years of decline, there was growth in shipments abroad of glass mirrors; whether or not framed, including rear-view mirrorses, when their volume increased by 1.3% to 11M units. In general, exports, however, saw a abrupt shrinkage. Over the period under review, the exports of reached the peak figure at 13M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses reached $81M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.7 | 43.3 | 49.7 | 56.4 | 14.4% |
| Poland | 1.3 | 1.1 | 3.7 | 8.3 | 85.5% |
| India | 5.8 | 5.6 | 5.6 | 4.9 | -5.5% |
| Japan | 22.7 | 9.7 | 6.4 | 3.5 | -46.4% |
| Czech Republic | 0.5 | 2.3 | 1.2 | 2.0 | 58.7% |
| Vietnam | 1.5 | 1.0 | 2.0 | 1.3 | -4.7% |
| Turkey | 0.9 | 0.7 | 0.9 | 0.9 | 0.0% |
| China | 2.7 | 2.1 | 0.5 | 0.4 | -47.1% |
| United Arab Emirates | 4.9 | 3.4 | 4.0 | 0.1 | -72.7% |
| Others | 2.7 | 2.3 | 5.2 | 3.2 | 5.8% |
| Total | 80.7 | 71.6 | 79.3 | 81.0 | 0.1% |
Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from South Korea in 2022:
- United States (7.0M units)
- Poland (0.9M units)
- India (0.5M units)
- Japan (0.5M units)
- Czech Republic (0.3M units)
- Vietnam (0.3M units)
- Turkey (0.2M units)
- China (0.2M units)
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