South Africa - Peat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPeat Price in South Africa - 2023
Contents:
- Peat Price in South Africa (CIF) - 2023
- Peat Price in South Africa (FOB) - 2022
- Peat Imports in South Africa
- Peat Exports in South Africa
Peat Price in South Africa (CIF) - 2023
In September 2023, the average peat import price amounted to $172 per ton, with a decrease of -12.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 95% against the previous month. As a result, import price attained the peak level of $300 per ton. From June 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($298 per ton), while the price for Ireland ($82.0 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Peat Price in South Africa (FOB) - 2022
In 2021, the average peat export price amounted to $532 per ton, with a decrease of -10.1% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of 30% against the previous year. The export price peaked at $1,831 per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Botswana ($698 per ton) and Mozambique ($680 per ton), while the average price for exports to Zimbabwe ($487 per ton) and Lesotho ($547 per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Peat Imports in South Africa
In 2022, approx. 53K tons of peat were imported into South Africa; shrinking by -42.8% against the year before. In general, imports recorded a slight downturn. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of 92K tons, and then contracted rapidly in the following year.
In value terms, peat imports fell markedly to $9M in 2022. Over the period under review, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of $14M, and then declined significantly in the following year.
| Import of Peat in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Netherlands | 2.4 | 2.4 | 2.2 | -4.3% | |
| Ireland | 1.7 | 1.7 | 1.7 | 0.0% | |
| Lithuania | 1.2 | 1.2 | 1.4 | 8.0% | |
| Latvia | 0.8 | 0.6 | 1.3 | 27.5% | |
| India | 0.4 | 0.5 | 0.8 | 41.4% | |
| United States | N/A | N/A | 0.6 | 0% | |
| Estonia | 0.5 | 0.6 | 0.3 | -22.5% | |
| Others | 1.8 | 0.7 | 5.6 | 76.4% | |
| Total | 8.7 | 7.6 | 14.0 | 26.9% | |
Top Suppliers of Peat to South Africa in 2022:
- Ireland (23.4K tons)
- Netherlands (11.3K tons)
- Lithuania (7.4K tons)
- Latvia (5.2K tons)
- India (1.8K tons)
- Estonia (1.7K tons)
- United States (1.2K tons)
Peat Exports in South Africa
In 2022, the amount of peat exported from South Africa contracted sharply to 1.7K tons, dropping by -40.7% on the year before. In general, exports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 316%. As a result, the exports reached the peak of 2.9K tons, and then dropped sharply in the following year.
In value terms, peat exports reduced dramatically to $720K in 2022. Overall, exports, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2021 with an increase of 274% against the previous year. As a result, the exports attained the peak of $1.5M, and then reduced sharply in the following year.
| Export of Peat in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Zimbabwe | 90.6 | 163 | 197 | 47.5% | |
| Namibia | 17.6 | 77.7 | 134 | 175.9% | |
| Zambia | 213 | 41.5 | 67.1 | -43.9% | |
| Botswana | 17.0 | 64.6 | 48.5 | 68.9% | |
| Lesotho | 9.6 | 31.9 | 28.1 | 71.1% | |
| Others | 321 | 29.5 | 1,050 | 80.9% | |
| Total | 669 | 408 | 1,525 | 51.0% | |
Top Export Markets for Peat from South Africa in 2022:
- Zimbabwe (404.2 tons)
- Namibia (239.8 tons)
- Zambia (107.0 tons)
- Botswana (69.5 tons)
- Lesotho (51.3 tons)
This report provides an in-depth analysis of the peat market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the peat market in South Africa.
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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 South Africa.
3126
This report provides an in-depth analysis of the global peat market.
264
In December of 2022, the cost of peat rose to $256 per ton (CIF, South Africa), a 63% increase from the previous month.
365
The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030.
428
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.
1110
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
1341
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>
1267
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>
1635
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.
1956
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
264
In December of 2022, the cost of peat rose to $256 per ton (CIF, South Africa), a 63% increase from the previous month.
365
The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030.
