The 2011 Import and Export Market for Glass Mirrors in India by ICONGroup

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									   The 2011 Import and Export
   Market for Glass Mirrors in
              India




                                         By
                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)




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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.



                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.



                               Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.



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                           About ICON Group Ltd.
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                                            Contents        v


Table of Contents
1     INTRODUCTION AND METHODOLOGY                      7
2     INDIA AND THE WORLD MARKET                        9
    2.1    Imports in India in 2011                     9
    2.2    Exports from India in 2011                  10
3     IMPORTS IN INDIA                                 11
    3.1      Asia                                      11
       3.1.1   Indonesia                               11
       3.1.2   Malaysia                                12
       3.1.3   Singapore                               13
       3.1.4   South Korea                             14
       3.1.5   Thailand                                15
    3.2      Europe                                    16
       3.2.1   Czech Republic                          16
       3.2.2   Ireland                                 17
       3.2.3   Slovakia                                18
       3.2.4   Switzerland                             18
       3.2.5   the United Kingdom                      19
4     EXPORTS FROM INDIA                               20
    4.1      Africa                                    20
       4.1.1   Mauritius                               20
       4.1.2   South Africa                            21
       4.1.3   Sudan                                   21
       4.1.4   Tanzania                                22
       4.1.5   Uganda                                  22
    4.2      Asia                                      23
       4.2.1   Japan                                   23
       4.2.2   Singapore                               24
    4.3      Europe                                    25
       4.3.1   Austria                                 25
       4.3.2   Belgium                                 26
       4.3.3   Bulgaria                                27
       4.3.4   Denmark                                 28
       4.3.5   Finland                                 29
       4.3.6   France                                  30
       4.3.7   Germany                                 31
       4.3.8   Greece                                  32
       4.3.9   Ireland                                 33
       4.3.10 Italy                                    34
       4.3.11 Norway                                   35
       4.3.12 Poland                                   36
       4.3.13 Russia                                   37
       4.3.14 Spain                                    38
       4.3.15 Sweden                                   39
       4.3.16 Switzerland                              40
       4.3.17 the Netherlands                          41
       4.3.18 the United Kingdom                       42
       4.3.19 Ukraine                                  43
    4.4      Latin America                             44


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                                                           Contents        vi

       4.4.1    Brazil                                                44
       4.4.2    Colombia                                              45
       4.4.3    Mexico                                                46
    4.5      North America & the Caribbean                            47
       4.5.1    Canada                                                47
       4.5.2    the United States                                     48
    4.6      Oceana                                                   49
       4.6.1    Australia                                             49
       4.6.2    New Zealand                                           50
    4.7      the Middle East                                          51
       4.7.1    Bahrain                                               51
       4.7.2    Iran                                                  51
       4.7.3    Israel                                                52
       4.7.4    Jordan                                                53
       4.7.5    Oman                                                  53
       4.7.6    Saudi Arabia                                          54
       4.7.7    Turkey                                                55
5     DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS          56
    5.1    Disclaimers & Safe Harbor                                  56
    5.2    ICON Group Ltd. User Agreement Provisions                  57




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                                                                     Glass Mirrors in India       7


1      INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on glass mirrors in India face a
number of questions. Which countries are supplying glass mirrors to India? How important is
India compared to others in terms of the entire global and regional market? How much do the
imports of glass mirrors vary from one country of origin to another in India? On the supply side,
India also exports glass mirrors. Which countries receive the most exports from India? How are
these exports concentrated across buyers? What is the value of these exports and which countries
are the largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for glass mirrors in India. With the
globalization of this market, managers can no longer be contented with a local view. Nor can
managers be contented with out-of-date statistics which appear several years after the fact. I have
developed a methodology, based on macroeconomic and trade models, to estimate the market for
glass mirrors for those countries serving India via exports, or supplying from India via imports. It
does so for the current year based on a variety of key historical indicators and econometric
models.

In what follows, Chapter 2 begins by summarizing where India fits into the world market for
imported and exported glass mirrors. The total level of imports and exports on a worldwide
basis, and those for India in particular, is estimated using a model which aggregates across over
150 key country markets and projects these to the current year. From there, each country
represents a percent of the world market. This market is served from a number of competitive
countries of origin. Based on both demand- and supply-side dynamics, market shares by country
of origin are then calculated across each country market destination. These shares lead to a
volume of import and export values for each country and are aggregated to regional and world
totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each
market and the share that India is likely to receive this year. From these figures, rankings are
calculated to allow managers to prioritize India compared to other major country markets. In this
way, all the figures provided in this report are forecasts that can be combined with internal
information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of glass mirrors, Chapter
3 goes into detail on imports, but for each major country of origin serving India. A “major”
market is defined as a country where India represents a substantially large share of either imports
or exports. For each major country exporting to India, one can thus observe how important India
is to that exporting country compared to other countries of the world. Chapter 4 does the same,
but for exports of glass mirrors originating from India, for each major country of destination. In
doing so, one can discover the share that India has in each major market; this share value is often
used as a measure of competitiveness for India. In all cases, the total dollar volume and
percentage share values by major trading partner are provided. Combined, Chapters 3 and 4
present a the total picture for imports and exports of glass mirrors to and from India to and from


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                                                                       Glass Mirrors in India       8

all other major countries in the world. "Glass Mirrors" as a category is defined in this report
following the definition given by the United Nations Statistics Division Classification Registry
using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code
that defined "glass mirrors" is 6648 . For more information on this definition, please refer to the
following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=664 .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.




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                                                                         Glass Mirrors in India         9


2       INDIA AND THE WORLD MARKET
2.1         IMPORTS IN INDIA IN 2011
                            Imported Glass Mirrors in India, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
Czech Republic                    1                     2,089               18.03                  18.03
Thailand                          2                     1,651               14.25                  32.28
China                             3                     1,448               12.50                  44.77
Slovakia                          4                     1,324               11.43                  56.20
South Korea                       5                     1,065                9.19                  65.39
Indonesia                         6                       944                8.15                  73.54
Germany                           7                       532                4.59                  78.13
the United Kingdom                8                       475                4.10                  82.23
Taiwan                            9                       438                3.78                  86.01
Italy                            10                       410                3.54                  89.55
Japan                            11                       387                3.34                  92.89
Singapore                        12                       266                2.30                  95.18
Ireland                          13                       199                1.72                  96.90
France                           14                       148                1.28                  98.18
the United States                15                       130                1.12                  99.30
Spain                            16                        51                0.44                  99.74
Hong Kong                        17                        14                0.12                  99.86
Malaysia                         18                         9                0.08                  99.94
Switzerland                      19                         7                0.06                 100.00
Total                                                  11,587              100.00                 100.00
_________________________________________________________________________________________________________
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com




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                                                                         Glass Mirrors in India       10


2.2         EXPORTS FROM INDIA IN 2011
                            Glass Mirrors Exports from India, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
the United States                 1                    10,042               36.08                  36.08
France                            2                     2,689                9.66                  45.74
Spain                             3                     2,279                8.19                  53.92
the United Kingdom                4                     1,943                6.98                  60.91
Canada                            5                     1,878                6.75                  67.65
Italy                             6                     1,372                4.93                  72.58
Germany                           7                     1,115                4.01                  76.59
Greece                            8                       727                2.61                  79.20
South Africa                      9                       622                2.23                  81.43
Australia                        10                       584                2.10                  83.53
Belgium                          11                       574                2.06                  85.59
the Netherlands                  12                       532                1.91                  87.50
Jordan                           13                       486                1.75                  89.25
Russia                           14                       375                1.35                  90.60
Iran                             15                       331                1.19                  91.79
New Zealand                      16                       224                0.80                  92.59
Sweden                           17                       210                0.75                  93.35
Bulgaria                         18                       209                0.75                  94.10
Turkey                           19                       152                0.55                  94.64
Mexico                           20                       148                0.53                  95.18
Switzerland                      21                       138                0.50                  95.67
Singapore                        22                       130                0.47                 
								
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