Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco - 2023
Contents:
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco (CIF) - 2023
- Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco (FOB) - 2023
- Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco
- Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco
Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco (CIF) - 2023
In June 2023, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $742 per thousand units, falling by -9.4% against the previous month. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 119% against the previous month. As a result, import price reached the peak level of $2.3 per unit. From April 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($4.4 per unit), while the price for Turkey ($293 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+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 Morocco (FOB) - 2023
In June 2023, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $5.2 per unit, waning by -14.6% against the previous month. Over the period under review, export price indicated perceptible growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, export price for glass mirrors; whether or not framed, including rear-view mirrorses decreased by -14.6% against May 2023 indices. The most prominent rate of growth was recorded in July 2022 an increase of 33% against the previous month. Over the period under review, the average export prices attained the peak figure at $6.1 per unit in May 2023, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($10.3 per unit), while the average price for exports to France ($3.0 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+7.4%), 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 Morocco
In 2022, approx. 39M units of glass mirrors; whether or not framed, including rear-view mirrorses were imported into Morocco; with an increase of 21% on the previous year's figure. The total import volume increased at an average annual rate of +6.9% 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 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses skyrocketed to $30M in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.5 | 5.8 | 6.9 | 8.4 | 3.8% |
| Spain | 2.4 | 4.2 | 4.1 | 4.8 | 26.0% |
| Turkey | 1.8 | 1.7 | 2.3 | 3.4 | 23.6% |
| Egypt | 0.7 | 0.5 | 1.5 | 2.8 | 58.7% |
| Belgium | 0.1 | 0.2 | 0.6 | 0.3 | 44.2% |
| Saudi Arabia | 0.7 | 0.9 | 2.6 | 0.1 | -47.7% |
| Others | 2.7 | 2.5 | 5.3 | 10.5 | 57.3% |
| Total | 15.9 | 15.8 | 23.4 | 30.4 | 24.1% |
Top Suppliers of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors to Morocco in 2022:
- Spain (9.3M units)
- China (9.2M units)
- Egypt (9.1M units)
- Turkey (8.5M units)
- Belgium (0.4M units)
- Saudi Arabia (0.3M units)
Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco
For the fourth consecutive year, Morocco recorded growth in overseas shipments of glass mirrors; whether or not framed, including rear-view mirrorses, which increased by 175% to 2.5M units in 2022. In general, exports posted significant growth. As a result, the exports reached the peak 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 surged to $11M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 303%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 42.6 | 290 | 1,433 | 4,029 | 355.6% |
| France | 174 | 154 | 791 | 3,275 | 166.0% |
| Slovakia | N/A | 89.5 | 816 | 997 | 233.8% |
| Germany | 18.7 | 20.1 | 127 | 969 | 272.8% |
| Italy | 13.0 | 9.8 | 13.3 | 457 | 227.6% |
| Poland | 0.3 | 0.6 | 49.0 | 306 | 906.6% |
| United States | 249 | 84.5 | 138 | 204 | -6.4% |
| Portugal | 34.9 | 39.6 | 46.3 | 77.9 | 30.7% |
| Mauritania | 40.5 | 38.8 | 58.3 | 68.2 | 19.0% |
| Saudi Arabia | 99.2 | 43.6 | 36.0 | 9.2 | -54.7% |
| Others | 393 | 195 | 382 | 709 | 21.7% |
| Total | 1,066 | 966 | 3,889 | 11,102 | 118.4% |
Top Export Markets for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors from Morocco in 2022:
- Spain (832.5K units)
- France (786.2K units)
- Slovakia (274.6K units)
- Germany (211.0K units)
- Italy (170.8K units)
- Poland (66.1K units)
- Mauritania (45.0K units)
- Portugal (27.4K units)
- United States (15.6K units)
- Saudi Arabia (7.3K units)
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