Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea - 2022
Contents:
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea (CIF) - 2022
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea (FOB) - 2022
- Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea
- Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea (CIF) - 2022
In December 2022, the average import price for peat; (including peat litter), whether or not agglomerateds amounted to $282 per ton, picking up by 7.5% against the previous month. Over the period under review, import price indicated a mild expansion from December 2021 to December 2022: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for peat; (including peat litter), whether or not agglomerateds increased by +126.5% against August 2022 indices. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 128% month-to-month. Over the period under review, average import prices attained the maximum at $323 per ton in July 2022; however, from August 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($589 per ton), while the price for the Netherlands ($163 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.4%), 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 South Korea (FOB) - 2022
In 2022, the average export price for peat; (including peat litter), whether or not agglomerateds amounted to $1,928 per ton, jumping by 33% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of 66%. Over the period under review, the average export prices reached the maximum at $4,089 per ton in 2013; however, from 2014 to 2022, the export prices stood 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 Japan ($3,782 per ton), while the average price for exports to Singapore ($249 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 Vietnam (+47.6%), 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 South Korea
In 2022, overseas purchases of peat; (including peat litter), whether or not agglomerateds decreased by -24% to 110K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 61% against the previous year.
In value terms, imports of peat; (including peat litter), whether or not agglomerateds contracted to $25M in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. As a result, imports reached the peak of $29M, and then dropped in the following year.
| Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 7.6 | 10.2 | 15.8 | 14.0 | 22.6% |
| Russia | N/A | 1.4 | 2.4 | 2.5 | 33.6% |
| Lithuania | 0.8 | 1.0 | 1.3 | 2.0 | 35.7% |
| Canada | 1.3 | 1.5 | 1.4 | 1.7 | 9.4% |
| Estonia | 1.5 | 1.0 | 1.9 | 1.7 | 4.3% |
| Netherlands | 1.0 | 1.6 | 2.1 | 1.6 | 17.0% |
| Poland | 0.2 | 0.4 | 0.3 | 0.6 | 44.2% |
| Germany | 0.6 | 1.1 | 0.8 | 0.2 | -30.7% |
| Australia | N/A | N/A | 2.3 | N/A | 0% |
| Others | 0.8 | 0.7 | 0.5 | 1.1 | 11.2% |
| Total | 13.7 | 18.9 | 28.8 | 25.3 | 22.7% |
Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to South Korea in 2022:
- Latvia (56.6K tons)
- Russia (27.1K tons)
- Estonia (6.7K tons)
- Lithuania (6.1K tons)
- Netherlands (4.8K tons)
- Canada (2.9K tons)
- Poland (2.3K tons)
- Germany (0.7K tons)
Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea
In 2022, exports of peat; (including peat litter), whether or not agglomerateds from South Korea declined sharply to 21 tons, falling by -63.7% against the previous year's figure. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 269% against the previous year. As a result, the exports reached the peak of 58 tons, and then fell markedly in the following year.
In value terms, exports of peat; (including peat litter), whether or not agglomerateds declined sharply to $40K in 2022. In general, exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 83%. As a result, the exports attained the peak of $84K, and then contracted notably in the following year.
| Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 65.5 | 40.8 | 72.2 | 25.6 | -26.9% |
| Mongolia | N/A | N/A | N/A | 7.7 | 0% |
| Indonesia | N/A | N/A | N/A | 6.3 | 0% |
| Singapore | 4.7 | N/A | N/A | 0.5 | -52.6% |
| Vietnam | N/A | N/A | 0.1 | 0.4 | 300.0% |
| India | N/A | N/A | 1.6 | N/A | 0% |
| Myanmar | 1.2 | 4.9 | 8.9 | N/A | 172.3% |
| Others | 11.8 | N/A | 1.0 | N/A | -70.9% |
| Total | 83.2 | 45.8 | 83.7 | 40.4 | -21.4% |
Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from South Korea in 2022:
- Indonesia (7.0 tons)
- Japan (6.8 tons)
- Mongolia (4.5 tons)
- Singapore (2.0 tons)
- Vietnam (0.7 tons)
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This report provides an in-depth analysis of the peat market in Republic of Korea.
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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 Republic of Korea.
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This report provides an in-depth analysis of the global peat market.
389
The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030.
445
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.
1128
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.
1964
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
389
The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030.
445
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.
1128
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
