Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Argentina - 2023

Contents:

  1. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Argentina (CIF) - 2022
  2. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Argentina (FOB) - 2022
  3. Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Argentina
  4. Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Argentina

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

In 2022, the average import price for peat; (including peat litter), whether or not agglomerateds amounted to $403 per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2018 when the average import price increased by 38%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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 Canada ($1,589 per ton), while the price for the Netherlands ($208 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.5%), 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 Argentina (FOB) - 2022

The average export price for peat; (including peat litter), whether or not agglomerateds stood at $2,075 per ton in 2022, reducing by -28.4% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by 145% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,643 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +25.0% per year.

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

In 2022, approx. 6K tons of peat; (including peat litter), whether or not agglomerateds were imported into Argentina; picking up by 3% on the previous year's figure. Over the period under review, imports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 24% against the previous year. As a result, imports attained the peak of 7.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds surged to $2.4M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia6119219321,18824.8%
Lithuania7727208679145.8%
Latvia24.850.529.013877.2%
Canada43.111060.292.328.9%
Netherlands16412844.764.7-26.7%
Germany195177153N/A-11.4%
Others20.930.20.37.7-28.3%
Total1,8312,1372,0872,4049.5%

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

  1. Estonia (3290.1 tons)
  2. Lithuania (1917.3 tons)
  3. Latvia (366.5 tons)
  4. Netherlands (311.2 tons)
  5. Canada (58.1 tons)

Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Argentina

In 2022, approx. 92 tons of peat; (including peat litter), whether or not agglomerateds were exported from Argentina; dropping by -80.5% on the previous year's figure. In general, exports saw a sharp contraction. The smallest decline of -7% was in 2021.

In value terms, exports of peat; (including peat litter), whether or not agglomerateds dropped significantly to $191K in 2022. Overall, exports saw a dramatic decline. The smallest decline of -8.6% was in 2020.

Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uruguay73.315526619137.6%
Chile18.850.253.1N/A68.1%
United States42.6N/AN/AN/A0%
Canada27.0108N/AN/A300.0%
Brazil1,5001,089967N/A-19.7%
Others0.311680.7N/A1540.1%
Total1,6621,5191,367191-51.4%

Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from Argentina in 2022:

  1. Uruguay (91.9 tons)

Source: IndexBox Market Intelligence Platform

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