Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Ethiopia - 2022

Contents:

  1. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Ethiopia (CIF) - 2022
  2. Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ethiopia

Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Ethiopia (CIF) - 2022

The average import price for peat; (including peat litter), whether or not agglomerateds stood at $940 per ton in 2022, jumping by 38% against the previous year. In general, the import price saw a measured increase. The pace of growth was the most pronounced in 2013 an increase of 541%. As a result, import price reached the peak level of $3,718 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kenya ($5,785 per ton), while the price for Finland ($448 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ethiopia

Imports of peat; (including peat litter), whether or not agglomerateds into Ethiopia surged to 362 tons in 2022, jumping by 64% against 2021 figures. Overall, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 173% against the previous year.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds surged to $340K in 2022. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of 269%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kenya20.610.0N/A11979.4%
NetherlandsN/A1.546.266.5565.8%
India1256.553.656.9-23.1%
Finland78.011.020.655.8-10.6%
GermanyN/AN/AN/A23.00%
LithuaniaN/AN/AN/A19.20%
SpainN/AN/A20.7N/A0%
Estonia15.6N/AN/AN/A0%
Others42.011.99.9N/A-51.4%
Total28140.91513406.6%

Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to Ethiopia in 2022:

  1. Finland (124.5 tons)
  2. Netherlands (97.8 tons)
  3. India (53.0 tons)
  4. Germany (42.4 tons)
  5. Lithuania (23.7 tons)
  6. Kenya (20.5 tons)

Source: IndexBox Market Intelligence Platform

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