Asia: Peat Market 2024

Peat Market Size in Asia

The Asian peat market expanded significantly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Peat Production in Asia

In value terms, peat production amounted to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Peat Exports

Exports in Asia

In 2022, overseas shipments of peat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports dropped markedly to $X in 2022. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Armenia (X tons), Sri Lanka (X tons), Turkey (X tons) and Georgia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by China (X tons), mixing up a X% share of total exports. The following exporters - Jordan (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) remains the largest peat supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Sri Lanka totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Armenia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the export price figures.

Peat Imports

Imports in Asia

For the seventh consecutive year, Asia recorded growth in purchases abroad of peat, which increased by X% to X tons in 2022. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, peat imports skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the main importer of peat in Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Japan (X tons) ranks second in terms of the total imports with an X% share, followed by South Korea (X%), Turkey (X%), Kuwait (X%) and Israel (X%). The following importers - Saudi Arabia (X tons), Kazakhstan (X tons), Thailand (X tons) and the United Arab Emirates (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Kazakhstan (X%), Thailand (X%), Israel (X%), the United Arab Emirates (X%), South Korea (X%), Turkey (X%) and Japan (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported peat in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

In China, peat imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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