Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia - 2022
Contents:
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (FOB) - 2022
- Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (CIF) - 2022
- Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia
- Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (FOB) - 2022
The average export price for glass mirrors; framed, excluding rear-view mirrors for vehicleses stood at $1,332 per ton in 2021, waning by -14.8% against the previous year. In general, the export price, however, posted modest growth. The pace of growth appeared the most rapid in 2018 an increase of 58% against the previous year. Over the period under review, the average export prices attained the maximum at $1,827 per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($3,896 per ton), while the average price for exports to Belgium ($393 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+19.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (CIF) - 2022
In 2021, the average import price for glass mirrors; framed, excluding rear-view mirrors for vehicleses amounted to $1,982 per ton, jumping by 19% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $2,123 per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($3,601 per ton), while the price for Malaysia ($799 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia
After three years of growth, shipments abroad of glass mirrors; framed, excluding rear-view mirrors for vehicleses decreased by -94% to 14 tons in 2022. In general, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 104% against the previous year.
In value terms, exports of glass mirrors; framed, excluding rear-view mirrors for vehicleses dropped markedly to $39K in 2022. Overall, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 75%.
| Export of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 30.8 | 64.8 | 79.8 | 61.0% | |
| Kuwait | N/A | 69.9 | 77.2 | 10.4% | |
| Bahrain | 22.7 | 31.4 | 55.2 | 55.9% | |
| United States | N/A | N/A | 40.5 | 0% | |
| Morocco | 14.0 | N/A | 35.0 | 58.1% | |
| Belgium | N/A | N/A | 3.3 | 0% | |
| Jordan | N/A | 36.8 | 1.6 | -95.7% | |
| Lebanon | 29.3 | N/A | N/A | 0% | |
| Others | 25.6 | 10.9 | 10.1 | -37.2% | |
| Total | 122 | 214 | 303 | 57.6% | |
Top Export Markets for Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles from Saudi Arabia in 2022:
- United Arab Emirates (93.5 tons)
- United States (51.1 tons)
- Morocco (26.1 tons)
- Bahrain (22.7 tons)
- Kuwait (20.8 tons)
- Belgium (8.4 tons)
- Jordan (0.8 tons)
Imports of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia
For the third year in a row, Saudi Arabia recorded growth in supplies from abroad of glass mirrors; framed, excluding rear-view mirrors for vehicleses, which increased by 1.2% to 13K tons in 2021. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 7.3% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.
In value terms, imports of glass mirrors; framed, excluding rear-view mirrors for vehicleses soared to $26M in 2021. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 16.0 | 14.9 | 19.6 | 10.7% | |
| Italy | 1.1 | 0.9 | 0.9 | -9.5% | |
| Vietnam | 0.5 | 0.5 | 0.8 | 26.5% | |
| Malaysia | 0.5 | 0.6 | 0.5 | 0.0% | |
| Turkey | 1.3 | 1.1 | N/A | -15.4% | |
| Others | 3.3 | 3.5 | 3.9 | 8.7% | |
| Total | 22.7 | 21.3 | 25.7 | 6.4% | |
Top Suppliers of Glass Mirrors; Framed, Excluding Rear-View Mirrors for Vehicles to Saudi Arabia in 2022:
- China (10.9K tons)
- Malaysia (0.6K tons)
- Italy (0.3K tons)
- Vietnam (0.2K tons)
434
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Saudi Arabia.
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This report provides an in-depth analysis of the global market for glass rear-view vehicle mirror.
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This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Saudi Arabia.
511
This report provides an in-depth analysis of the global market for glass rear-view vehicle mirror.
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