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

Contents:

  1. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Pakistan (CIF) - 2022
  2. Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Pakistan

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

In 2022, the average import price for peat; (including peat litter), whether or not agglomerateds amounted to $277 per ton, waning by -12.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 87%. Over the period under review, average import prices reached the peak figure at $316 per ton in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($279 per ton), while the price for Sri Lanka stood at $261 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Imports of peat; (including peat litter), whether or not agglomerateds into Pakistan soared to 3.6K tons in 2022, with an increase of 19% on 2021. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 decreased by -1.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 62% against the previous year. As a result, imports attained the peak of 3.7K 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 to $997K in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 decreased by -8.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 71%. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia39267667975224.3%
Sri Lanka20.769.380.814892.6%
GermanyN/AN/A35.2N/A0%
Estonia21.7250128N/A142.9%
Others20497.031.397.2-21.9%
Total6381,09395499716.0%

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

  1. Latvia (2.7K tons)
  2. Sri Lanka (0.6K tons)

Source: IndexBox Market Intelligence Platform

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