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

Contents:

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

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

In 2022, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $0.4 per unit, rising by 24% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glass mirrors; whether or not framed, including rear-view mirrorses increased by +71.9% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Greece ($0.5 per unit), while the average price for exports to Ukraine ($0.3 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 Kosovo (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $1 per unit, growing by 9.7% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glass mirrors; whether or not framed, including rear-view mirrorses increased by +96.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($3.1 per unit), while the price for Russia ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in shipments abroad of glass mirrors; whether or not framed, including rear-view mirrorses, when their volume decreased by -9.9% to 63M units. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, the exports of reached the peak figure at 70M units in 2021, and then reduced in the following year.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses expanded sharply to $23M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania2.13.43.84.528.9%
Ukraine2.31.11.82.86.8%
Serbia1.71.41.92.615.2%
Greece1.31.22.02.219.2%
Poland1.33.43.21.913.5%
Albania0.20.60.81.176.5%
Moldova0.10.10.51.0115.4%
KosovoN/A0.40.60.732.3%
Bosnia and Herzegovina0.30.50.50.732.6%
SpainN/A0.10.40.7164.6%
Hungary0.30.40.50.626.0%
MoroccoN/AN/A0.30.566.7%
Netherlands0.10.20.70.458.7%
Others2.42.03.53.210.1%
Total12.114.820.522.923.7%

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

  1. Ukraine (10.4M units)
  2. Romania (10.3M units)
  3. Serbia (6.7M units)
  4. Poland (5.8M units)
  5. Greece (4.8M units)
  6. Moldova (3.1M units)
  7. Albania (3.0M units)
  8. Hungary (2.1M units)
  9. Spain (1.9M units)
  10. Kosovo (1.8M units)
  11. Bosnia and Herzegovina (1.8M units)
  12. Morocco (1.7M units)
  13. Netherlands (1.6M units)

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

In 2022, approx. 9.3M units of glass mirrors; whether or not framed, including rear-view mirrorses were imported into Bulgaria; increasing by 7.1% against the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 17%. As a result, imports reached the peak of 10M units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses surged to $9.2M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +67.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 20%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,4182,9413,4274,05618.8%
Poland7168471,1029409.5%
Turkey46384266664411.6%
Romania73.015933854995.9%
Belgium63.330.416941487.0%
Czech Republic397269347346-4.5%
Greece79.619580.517329.5%
Iran34.159.749.139.75.2%
Others1,2881,3161,6952,08417.4%
Total5,5326,6597,8749,24518.7%

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

  1. China (4.8M units)
  2. Belgium (1.1M units)
  3. Turkey (0.9M units)
  4. Czech Republic (0.6M units)
  5. Romania (0.4M units)
  6. Poland (0.4M units)
  7. Greece (0.3M units)
  8. Iran (0.1M units)

Source: IndexBox Market Intelligence Platform

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