Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Australia - 2023
Contents:
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Australia (CIF) - 2023
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Australia (FOB) - 2022
- Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Australia
- Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Australia
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Australia (CIF) - 2023
The average import price for peat; (including peat litter), whether or not agglomerateds stood at $283 per ton in December 2023, with a decrease of -11% against the previous month. In general, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in February 2023 an increase of 23% month-to-month. As a result, import price attained the peak level of $418 per ton. From March 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Sri Lanka ($838 per ton), while the price for Ireland ($150 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.5%), 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 Australia (FOB) - 2022
In 2022, the average export price for peat; (including peat litter), whether or not agglomerateds amounted to $669 per ton, waning by -45.6% against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2019 an increase of 190% against the previous year. As a result, the export price reached the peak level of $2,361 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($5,420 per ton), while the average price for exports to Singapore ($177 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 Taiwan (Chinese) (+51.7%), 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 Australia
In 2022, the amount of peat; (including peat litter), whether or not agglomerateds imported into Australia rose notably to 114K tons, growing by 10% on the previous year's figure. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of peat; (including peat litter), whether or not agglomerateds surged to $34M in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. 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 Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.0 | 5.1 | 8.7 | 9.0 | 44.2% |
| India | 1.7 | 1.8 | 2.4 | 6.2 | 53.9% |
| Latvia | 2.0 | 2.1 | 3.4 | 4.3 | 29.1% |
| Lithuania | 1.3 | 1.8 | 2.7 | 3.7 | 41.7% |
| Germany | 5.5 | 4.2 | 3.0 | 2.6 | -22.1% |
| Canada | 1.4 | 1.4 | 1.9 | 1.3 | -2.4% |
| Ireland | 0.8 | 0.8 | 0.9 | 0.8 | 0.0% |
| Others | 2.3 | 2.8 | 4.6 | 5.6 | 34.5% |
| Total | 18.0 | 20.0 | 27.7 | 33.6 | 23.1% |
Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to Australia in 2022:
- Netherlands (37.1K tons)
- India (23.1K tons)
- Germany (12.8K tons)
- Latvia (10.5K tons)
- Ireland (9.8K tons)
- Lithuania (6.3K tons)
- Canada (5.2K tons)
Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Australia
In 2022, overseas shipments of peat; (including peat litter), whether or not agglomerateds decreased by -33.9% to 93 tons, falling for the second consecutive year after two years of growth. In general, exports faced a deep slump. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, the exports attained the peak of 172 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of peat; (including peat litter), whether or not agglomerateds shrank rapidly to $62K in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by 5.2% against the previous year. As a result, the exports reached the peak of $321K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 81.5 | 117 | 137 | 26.8 | -31.0% |
| Sri Lanka | 12.6 | 13.1 | 14.0 | 14.8 | 5.5% |
| India | N/A | 21.1 | N/A | 12.8 | -22.1% |
| Singapore | 21.6 | 10.6 | 15.0 | 7.3 | -30.3% |
| South Africa | 180 | 152 | N/A | N/A | -15.6% |
| Norfolk Island | N/A | N/A | 7.3 | N/A | 0% |
| Maldives | N/A | 7.6 | N/A | N/A | 0% |
| Others | 9.7 | N/A | N/A | 0.5 | -62.8% |
| Total | 305 | 321 | 173 | 62.3 | -41.1% |
Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from Australia in 2022:
- Singapore (41.5 tons)
- Sri Lanka (23.4 tons)
- India (23.0 tons)
- New Zealand (4.9 tons)
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This report provides an in-depth analysis of the peat market in Australia.
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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 Australia.
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This report provides an in-depth analysis of the global peat market.
193
The growth rate for Peat was at its highest in May 2023, showing a 33% increase from the previous month. By December 2023, peat imports had decreased to $1.5M in value.
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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>
1646
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.
1966
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
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The growth rate for Peat was at its highest in May 2023, showing a 33% increase from the previous month. By December 2023, peat imports had decreased to $1.5M in value.
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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.
