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

Contents:

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

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

The average import price for peat; (including peat litter), whether or not agglomerateds stood at $577 per ton in February 2022, growing by 35% against the previous month. In general, import price indicated a prominent increase from February 2021 to February 2022: its price increased at an average monthly rate of +5.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, import price for peat; (including peat litter), whether or not agglomerateds increased by +68.1% against November 2021 indices. The growth pace was the most rapid in December 2021 an increase of 47% m-o-m. The import price peaked in February 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($694 per ton), while the price for Latvia ($462 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.2%), 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 Colombia (FOB) - 2022

The average export price for peat; (including peat litter), whether or not agglomerateds stood at $3,785 per ton in 2022, surging by 109% against the previous year. Overall, the export price showed a significant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 160%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Mexico ($20,434 per ton), while the average price for exports to Venezuela amounted to $2,297 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, supplies from abroad of peat; (including peat litter), whether or not agglomerateds decreased by -37.3% to 12K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a noticeable downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 21% against the previous year.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds soared to $5.6M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.8% 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 +94.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia3794427461,73966.2%
Latvia4116988291,70360.6%
Canada1,0281,1849541,2607.0%
Lithuania21523842883757.3%
Others8291,1921,26316.4-73.0%
Total2,8623,7544,2205,55624.7%

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

  1. Latvia (3.9K tons)
  2. Estonia (3.5K tons)
  3. Canada (2.1K tons)
  4. Lithuania (2.0K tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of peat; (including peat litter), whether or not agglomerateds, when their volume decreased by -71% to 3.5 tons. Over the period under review, exports saw a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of 12 tons, and then fell rapidly in the following year.

In value terms, exports of peat; (including peat litter), whether or not agglomerateds reduced notably to $13K in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 166% against the previous year.

Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
VenezuelaN/AN/AN/A7.30%
MexicoN/AN/AN/A5.80%
Ecuador1.72.77.3N/A107.2%
FinlandN/A3.2N/AN/A0%
Panama1.23.414.3N/A245.2%
Turkey2.3N/AN/AN/A0%
OthersN/A4.50.3N/A-93.3%
Total5.213.821.813.236.4%

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

  1. Venezuela (3.2 tons)
  2. Mexico (0.3 tons)

Source: IndexBox Market Intelligence Platform

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