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

Contents:

  1. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in the Dominican Republic (CIF) - 2023
  2. Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in the Dominican Republic

Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in the Dominican Republic (CIF) - 2023

The average import price for peat; (including peat litter), whether or not agglomerateds stood at $488 per ton in March 2023, dropping by -5.7% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 39% m-o-m. The import price peaked at $601 per ton in October 2022; however, from November 2022 to March 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was the United States ($726 per ton), while the price for Latvia ($429 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Estonia (+6.8%), 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 the Dominican Republic

In 2022, imports of peat; (including peat litter), whether or not agglomerateds into the Dominican Republic soared to 4.2K tons, with an increase of 17% compared with 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.4% 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 +87.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 45%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds surged to $2.1M in 2022. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 50%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands89.225825857486.0%
Latvia28737153954423.8%
Canada14620914330027.1%
Estonia85.273.719624241.6%
United StatesN/A56.310720088.5%
Lithuania1151491751314.4%
DenmarkN/AN/AN/A81.70%
Others57.752.093.673.68.5%
Total7801,1691,5112,14640.1%

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

  1. Netherlands (1314.0 tons)
  2. Latvia (1007.2 tons)
  3. Canada (535.8 tons)
  4. Estonia (371.1 tons)
  5. United States (357.0 tons)
  6. Lithuania (343.7 tons)
  7. Denmark (153.2 tons)

Source: IndexBox Market Intelligence Platform

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