Eastern Asia: Prisms And Mirrors Market 2025

Prisms And Mirrors Market Size in Eastern Asia

In 2022, the East Asian prisms and mirrors market increased by 30% to $X, rising for the fourth consecutive year after four years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Prisms And Mirrors Production in Eastern Asia

In value terms, prisms and mirrors production stood at $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.1% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 22%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Prisms And Mirrors Exports

Exports in Eastern Asia

Prisms and mirrors exports reduced to X tons in 2022, falling by -9.5% against 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 16%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, prisms and mirrors exports reached $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, China (X tons) was the main exporter of prisms and mirrors, making up 56% of total exports. It was distantly followed by South Korea (X tons), creating a 37% share of total exports. Hong Kong SAR (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +14.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest prisms and mirrors supplier in Eastern Asia, comprising 49% of total exports. The second position in the ranking was held by Japan ($X), with a 21% share of total exports. It was followed by Hong Kong SAR, with a 13% share.

In China, prisms and mirrors exports expanded at an average annual rate of +6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-3.0% per year) and Hong Kong SAR (+1.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 14% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 16%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.8%), while the other leaders experienced mixed trends in the export price figures.

Prisms And Mirrors Imports

Imports in Eastern Asia

In 2022, approx. X tons of prisms and mirrors were imported in Eastern Asia; which is down by -14.7% on 2021 figures. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, prisms and mirrors imports totaled $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) represented the key importer of prisms and mirrors, creating 52% of total imports. It was distantly followed by South Korea (X tons) and Hong Kong SAR (X tons), together committing a 42% share of total imports. Japan (X tons) and Taiwan (Chinese) (X tons) held a little share of total imports.

Imports into China decreased at an average annual rate of -13.0% from 2012 to 2022. Hong Kong SAR (-1.7%), South Korea (-8.1%), Japan (-9.1%) and Taiwan (Chinese) (-19.2%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+12 p.p.) and South Korea (+5.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-3.3 p.p.) and China (-15 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported prisms and mirrors in Eastern Asia, comprising 55% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Hong Kong SAR, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +1.1%. In the other countries, the average annual rates were as follows: Japan (+1.3% per year) and Hong Kong SAR (+3.7% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by 35% against the previous year. In general, the import price continues to indicate a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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