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

Contents:

1. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Lithuania (CIF) - 2022
2. Price for Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Lithuania (FOB) - 2023
3. Imports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Lithuania
4. Exports of Glass Mirrors; Whether or Not Framed, Including Rear-View Mirrors in Lithuania

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

The average import price for glass mirrors; whether or not framed, including rear-view mirrorses stood at $0.8 per unit in 2022, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2.2 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 Poland (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In October 2023, the average export price for glass mirrors; whether or not framed, including rear-view mirrorses amounted to $2.1 per unit, stabilizing at the previous month. Over the period under review, export price indicated modest growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for glass mirrors; whether or not framed, including rear-view mirrorses decreased by -18.2% against July 2023 indices. The growth pace was the most rapid in March 2023 when the average export price increased by 84% m-o-m. As a result, the export price reached the peak level of $2.9 per unit. From April 2023 to October 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Finland ($4.5 per unit), while the average price for exports to Latvia ($979 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+11.9%), 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 Lithuania

In 2022, overseas purchases of glass mirrors; whether or not framed, including rear-view mirrorses decreased by -0.5% to 17M units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 11% against the previous year. As a result, imports attained the peak of 18M units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of glass mirrors; whether or not framed, including rear-view mirrorses rose sharply to $14M in 2022. The total import value increased at an average annual rate of +12.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. China (6.5M units)
2. Russia (3.8M units)
3. Poland (2.9M units)
4. Belgium (1.8M units)
5. Latvia (0.9M units)
6. Czech Republic (0.8M units)
7. Germany (0.4M units)

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

After three years of growth, shipments abroad of glass mirrors; whether or not framed, including rear-view mirrorses decreased by -10.4% to 8M units in 2022. Overall, exports continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of 6.6%. As a result, the exports attained the peak of 8.9M units, and then dropped in the following year.

In value terms, exports of glass mirrors; whether or not framed, including rear-view mirrorses expanded slightly to $14M in 2022. The total export value increased at an average annual rate of +10.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Germany (2010.2K units)
2. United States (795.9K units)
3. Italy (599.9K units)
4. Kazakhstan (471.4K units)
5. Poland (384.9K units)
6. Spain (338.9K units)
7. France (334.7K units)
8. Estonia (331.8K units)
9. Finland (329.2K units)
10. Russia (329.0K units)
11. Netherlands (300.9K units)
12. Latvia (218.6K units)
13. Canada (203.1K units)

Source: IndexBox Market Intelligence Platform