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

Contents:

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

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

The average import price for peat; (including peat litter), whether or not agglomerateds stood at $549 per ton in 2022, growing by 52% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for peat; (including peat litter), whether or not agglomerateds increased by +91.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($790 per ton), while the price for Sweden ($407 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+26.9%), 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 Peru (FOB) - 2022

In 2022, the average export price for peat; (including peat litter), whether or not agglomerateds amounted to $723 per ton, surging by 3.3% against the previous year. Over the last two-year period, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($4,462 per ton), while the average price for exports to the United States amounted to $705 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+85.8%).

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

In 2022, imports of peat; (including peat litter), whether or not agglomerateds into Peru surged to 48K tons, jumping by 41% on 2021 figures. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 57%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds surged to $26M in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Peru (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia4.18.26.412.243.8%
Netherlands2.32.82.25.936.9%
Estonia1.01.22.14.666.3%
Lithuania0.30.30.30.838.7%
Spain0.70.10.30.84.6%
FinlandN/AN/AN/A0.70%
SwedenN/AN/A0.20.7250.0%
Others0.70.40.70.84.6%
Total9.013.012.326.443.1%

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

  1. Latvia (22.1K tons)
  2. Estonia (9.9K tons)
  3. Netherlands (9.3K tons)
  4. Lithuania (1.6K tons)
  5. Sweden (1.6K tons)
  6. Finland (1.2K tons)
  7. Spain (1.0K tons)

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

In 2022, after two years of growth, there was significant decline in shipments abroad of peat; (including peat litter), whether or not agglomerateds, when their volume decreased by -20.6% to 14 tons. Overall, total exports indicated a strong increase from 2020 to 2022: its volume increased at an average annual rate of +10.4% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports attained the peak of 17 tons, and then contracted markedly in the following year.

In value terms, exports of peat; (including peat litter), whether or not agglomerateds declined significantly to $9.9K in 2022. In general, total exports indicated a resilient increase from 2020 to 2022: its value increased at an average annual rate of +13.1% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. As a result, the exports attained the peak of $12K, and then reduced remarkably in the following year.

Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Peru (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
United StatesN/AN/A9.60%
Chile4.41.00.3-73.9%
Ecuador3.311.1N/A236.4%
OthersN/AN/AN/A0%
Total7.712.19.913.4%

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

  1. United States (13.6 tons)
  2. Chile (0.1 tons)

Source: IndexBox Market Intelligence Platform

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