Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya - 2022
Contents:
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya (CIF) - 2022
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya (FOB) - 2022
- Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya
- Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya (CIF) - 2022
In 2022, the average import price for peat; (including peat litter), whether or not agglomerateds amounted to $517 per ton, jumping by 45% against the previous year. Over the last decade, it increased at an average annual rate of +5.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 India ($646 per ton), while the price for Sri Lanka ($345 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya (FOB) - 2022
In 2022, the average export price for peat; (including peat litter), whether or not agglomerateds amounted to $807 per ton, remaining stable against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for peat; (including peat litter), whether or not agglomerateds decreased by -3.1% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 60% against the previous year. Over the period under review, the average export prices attained the maximum at $1,016 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($1,038 per ton), while the average price for exports to Ethiopia ($642 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya
In 2022, approx. 2.9K tons of peat; (including peat litter), whether or not agglomerateds were imported into Kenya; waning by -57.6% against the previous year. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 216% against the previous year. As a result, imports attained the peak of 6.9K tons, and then reduced remarkably in the following year.
In value terms, imports of peat; (including peat litter), whether or not agglomerateds shrank markedly to $1.5M in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 215% against the previous year. As a result, imports reached the peak of $2.5M, and then contracted rapidly in the following year.
| Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 282 | 415 | 1,128 | 735 | 37.6% |
| Latvia | 30.1 | 17.0 | 93.0 | 307 | 116.9% |
| India | 253 | 171 | 704 | 253 | 0.0% |
| Netherlands | 48.7 | 26.4 | 147 | 130 | 38.7% |
| Sri Lanka | 151 | 47.1 | 179 | 55.6 | -28.3% |
| Others | 75.1 | 106 | 216 | 34.4 | -22.9% |
| Total | 839 | 783 | 2,467 | 1,515 | 21.8% |
Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to Kenya in 2022:
- Finland (1316.5 tons)
- Latvia (699.3 tons)
- India (390.7 tons)
- Netherlands (290.5 tons)
- Sri Lanka (161.2 tons)
Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya
In 2022, approx. 38 tons of peat; (including peat litter), whether or not agglomerateds were exported from Kenya; waning by -15.7% against the year before. Over the period under review, exports saw a sharp downturn.
In value terms, exports of peat; (including peat litter), whether or not agglomerateds reduced dramatically to $30K in 2022. Overall, exports recorded a precipitous shrinkage.
| Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 0.2 | 0.5 | 0.9 | 12.2 | 293.6% |
| Uganda | 8.4 | 18.1 | 3.8 | 9.3 | 3.5% |
| Ethiopia | 24.3 | 9.7 | 10.0 | 8.7 | -29.0% |
| United States | 11.3 | 6.8 | 1.9 | N/A | -59.0% |
| Tanzania | 16.8 | 2.4 | 14.5 | N/A | -7.1% |
| Others | 1.2 | 7.0 | 4.9 | N/A | 102.1% |
| Total | 62.1 | 44.4 | 35.9 | 30.3 | -21.3% |
Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from Kenya in 2022:
- Rwanda (15.0 tons)
- Ethiopia (13.5 tons)
- Uganda (9.0 tons)
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This report provides an in-depth analysis of the peat market in Kenya.
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This report provides an in-depth analysis of the global peat market.
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This report provides an in-depth analysis of the peat market in Kenya.
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This report provides an in-depth analysis of the global peat market.
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The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030.
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Global trade in peat reached the highest level ever, peaking at $2.4B in 2021. Canada and Latvia remain the world's largest peat suppliers, while the U.S. leads imports.
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From 2007 to 2016, the global peat market fluctuated widely in certain years, finally dropping from X tons in 2007 to X tons in 2016, which was equal to X% decline. Over the last year, the peat market retained the level of the previous year
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In 2016, the global peat imports amounted to X tons, declining by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from X>
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In 2016, the global peat imports amounted to X tons, declining by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from X>
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From 2007 to 2015, the peat market fluctuated mildly, finally dropping from X thousand tons to X thousand tons, which was equal to X% decline.
1967
The global peat market fluctuated mildly from 2007 to 2015, finally dropping to X thousand tons, which was equal to X% decline against the outset level. In value terms, it stood at X million USD in 2015, rising by
393
The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030.
446
Global trade in peat reached the highest level ever, peaking at $2.4B in 2021. Canada and Latvia remain the world's largest peat suppliers, while the U.S. leads imports.
1130
From 2007 to 2016, the global peat market fluctuated widely in certain years, finally dropping from X tons in 2007 to X tons in 2016, which was equal to X% decline. Over the last year, the peat market retained the level of the previous year
