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

Contents:

  1. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Thailand (CIF) - 2023
  2. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Thailand (FOB) - 2023
  3. Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Thailand
  4. Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Thailand

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Thailand (CIF) - 2023

In November 2023, the average import price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $1.6 per unit, declining by -31.6% against the previous month. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in February 2023 an increase of 33% m-o-m. Over the period under review, average import prices hit record highs at $3.4 per unit in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($20.2 per unit), while the price for China ($642 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the prices for the other major suppliers experienced a decline.

Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Thailand (FOB) - 2023

The average export price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $1.4 per unit in November 2023, growing by 4.3% against the previous month. Over the period under review, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in October 2023 an increase of 26% against the previous month. The export price peaked at $4.4 per unit in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was India ($4.1 per unit), while the average price for exports to South Korea ($315 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.7%), 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 Thailand

In 2022, approx. 25M units of glass mirrors; whether or not framed, including rear-view mirrorses were imported into Thailand; which is down by -22.6% compared with 2021. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 6.7%. Over the period under review, imports of hit record highs at 33M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses dropped slightly to $79M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $80M, and then dropped slightly in the following year.

Import of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China21.923.428.127.17.4%
United States18.717.417.615.0-7.1%
Japan9.811.311.010.11.0%
Taiwan (Chinese)2.02.64.24.531.0%
Vietnam3.23.53.34.310.4%
Canada1.21.20.91.32.7%
Indonesia0.40.30.71.035.7%
Others11.611.214.415.911.1%
Total68.871.080.279.24.8%

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

  1. China (18.5M units)
  2. Canada (1.2M units)
  3. Indonesia (1.1M units)
  4. United States (0.6M units)
  5. Vietnam (0.6M units)
  6. Japan (0.6M units)
  7. Taiwan (Chinese) (0.5M units)

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

In 2022, the amount of glass mirrors; whether or not framed, including rear-view mirrorses exported from Thailand reduced notably to 29M units, falling by -40.8% compared with 2021 figures. Over the period under review, exports faced a abrupt slump. The smallest decline of -2.6% was in 2020. The exports peaked at 53M 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 contracted to $71M in 2022. In general, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports reached the peak of $83M, and then declined in the following year.

Export of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan14.512.312.612.0-6.1%
South Africa6.75.810.58.06.1%
Vietnam5.36.65.65.2-0.6%
Indonesia5.32.54.94.7-3.9%
United States1.92.23.54.432.3%
Cambodia2.12.02.02.911.4%
Spain4.23.13.02.9-11.6%
Hong Kong SAR1.21.63.02.832.6%
Philippines2.51.71.92.2-4.2%
Malaysia4.03.63.21.8-23.4%
South Korea2.42.21.61.3-18.5%
Australia6.54.74.31.1-44.7%
Lao People's Democratic Republic0.50.80.60.66.3%
Others23.519.926.020.7-4.1%
Total80.768.882.770.7-4.3%

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

  1. Japan (5.0M units)
  2. Vietnam (4.9M units)
  3. South Korea (3.0M units)
  4. Malaysia (2.5M units)
  5. South Africa (1.6M units)
  6. Australia (1.5M units)
  7. Cambodia (1.5M units)
  8. Lao People's Democratic Republic (0.9M units)
  9. Philippines (0.9M units)
  10. United States (0.9M units)
  11. Hong Kong SAR (0.8M units)
  12. Indonesia (0.7M units)
  13. Spain (0.7M units)

Source: IndexBox Market Intelligence Platform

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