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

Contents:

  1. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Sri Lanka (CIF) - 2022
  2. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Sri Lanka (FOB) - 2022
  3. Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Sri Lanka
  4. Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Sri Lanka

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

In 2022, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $0.5 per unit, declining by -22.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 76%. As a result, import price attained the peak level of $1.1 per unit. From 2017 to 2022, the average import prices remained at a somewhat 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 India ($0.5 per unit), while the price for Belgium ($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 India (+2.9%), while the prices for the other major suppliers experienced a decline.

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Sri Lanka (FOB) - 2022

In 2022, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $1.9 per unit, growing by 43% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. Over the period under review, the average export prices reached the peak figure at $2.4 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($2.8 per unit), while the average price for exports to the United States ($0.9 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 Maldives (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 3.5M units of glass mirrors; whether or not framed, including rear-view mirrorses were imported into Sri Lanka; dropping by -41.4% on the previous year. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Imports peaked at 6.4M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses dropped notably to $1.8M in 2022. Overall, imports faced a significant decline. The smallest decline of -1.3% was in 2021. Over the period under review, imports of reached the peak figure at $4.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,9183,1603,085992-30.2%
India444382551392-4.1%
Thailand99.484.247.744.0-23.8%
Belgium27.142.833.134.88.7%
Indonesia11528.416.919.6-44.6%
Others530321233313-16.1%
Total4,1334,0183,9671,796-24.3%

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

  1. China (2387.6K units)
  2. India (726.0K units)
  3. Thailand (138.2K units)
  4. Belgium (114.9K units)
  5. Indonesia (57.5K units)

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

Exports of glass mirrors; whether or not framed, including rear-view mirrorses from Sri Lanka dropped dramatically to 48K units in 2022, reducing by -29.1% against 2021. Over the period under review, exports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 1.8%. The exports peaked at 99K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses totaled $90K in 2022. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 17% against the previous year. The exports peaked at $151K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives13640.257.052.8-27.0%
United Kingdom0.1N/A1.724.3524.0%
United States0.1N/AN/A11.2382.0%
India0.61.222.40.2-30.7%
Oman12.233.17.8N/A-20.0%
Others2.51.20.11.5-15.7%
Total15175.889.089.9-15.9%

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

  1. Maldives (26.0K units)
  2. United States (12.5K units)
  3. United Kingdom (8.6K units)
  4. India (0.2K units)

Source: IndexBox Market Intelligence Platform

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