Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada - 2023
Contents:
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada (FOB) - 2023
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada (CIF) - 2022
- Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada
- Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada (FOB) - 2023
In December 2023, the average export price for peat; (including peat litter), whether or not agglomerateds amounted to $407 per ton, growing by 1.9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 6.2% m-o-m. As a result, the export price attained the peak level of $469 per ton. From April 2023 to December 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.1% per month.
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada (CIF) - 2022
The average import price for peat; (including peat litter), whether or not agglomerateds stood at $169 per ton in 2022, picking up by 56% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $178 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Sri Lanka ($1,006 per ton), while the price for Ireland ($141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada
In 2022, overseas shipments of peat; (including peat litter), whether or not agglomerateds decreased by -13.4% to 1.4M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19%.
In value terms, exports of peat; (including peat litter), whether or not agglomerateds shrank to $526M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $581M, and then declined in the following year.
| Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 351 | 431 | 554 | 496 | 12.2% |
| Japan | 9.8 | 7.7 | 9.7 | 7.7 | -7.7% |
| Others | 15.3 | 16.4 | 16.5 | 21.7 | 12.4% |
| Total | 376 | 455 | 581 | 526 | 11.8% |
Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from Canada in 2022:
- United States (1359.8K tons)
- Japan (26.2K tons)
Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada
In 2022, overseas purchases of peat; (including peat litter), whether or not agglomerateds decreased by -32.4% to 126K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. As a result, imports reached the peak of 199K 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 rose significantly to $21M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.4 | 14.4 | 12.2 | 15.5 | 7.7% |
| Latvia | 0.4 | 0.4 | 0.4 | 1.4 | 51.8% |
| Netherlands | 0.4 | 0.9 | 2.9 | 1.2 | 44.2% |
| Ireland | 0.9 | 1.8 | 1.4 | 1.2 | 10.1% |
| Others | 2.9 | 2.9 | 3.3 | 1.9 | -13.1% |
| Total | 17.0 | 20.4 | 20.1 | 21.3 | 7.8% |
Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to Canada in 2022:
- United States (108.5K tons)
- Ireland (8.4K tons)
- Netherlands (3.6K tons)
- Latvia (2.7K tons)
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This report provides an in-depth analysis of the peat market in Canada.
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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 Canada.
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This report provides an in-depth analysis of the global peat market.
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Exports of Peat reached a peak of 1.6M tons in 2021, but experienced a slight decline from 2022 to 2023. In terms of value, Peat exports decreased to $478M in 2023.
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In August 2022, the peat price amounted to $358 per ton (FOB, Canada), approximately equating the previous month.
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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>
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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.
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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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Exports of Peat reached a peak of 1.6M tons in 2021, but experienced a slight decline from 2022 to 2023. In terms of value, Peat exports decreased to $478M in 2023.
