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

Contents:

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

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

In 2022, the average import price for peat; (including peat litter), whether or not agglomerateds amounted to $487 per ton, jumping by 26% against the previous year. Over the period under review, the import price showed a prominent expansion. The growth pace was the most rapid in 2014 when the average import price increased by 224%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($819 per ton), while the price for Latvia ($438 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.2%), 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 Tanzania

After three years of growth, overseas purchases of peat; (including peat litter), whether or not agglomerateds decreased by -82.4% to 247 tons in 2022. Over the period under review, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of 1.4K tons, and then dropped remarkably in the following year.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds contracted sharply to $120K in 2022. In general, imports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of $542K, and then contracted dramatically in the following year.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands11713020879.3-12.2%
Finland5.222.114.813.637.8%
LatviaN/AN/A38.612.4-67.9%
IndiaN/AN/AN/A10.60%
Kenya20.93.2N/AN/A-84.7%
Others1241722804.2-67.6%
Total267326542120-23.4%

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

  1. Netherlands (176.7 tons)
  2. Latvia (28.3 tons)
  3. Finland (25.9 tons)
  4. India (13.0 tons)

Source: IndexBox Market Intelligence Platform

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