Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in the United Arab Emirates - 2022

Contents:

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

Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in the United Arab Emirates (CIF) - 2022

The average import price for peat; (including peat litter), whether or not agglomerateds stood at $267 per ton in 2022, surging by 28% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +67.9% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($288 per ton) and Germany ($270 per ton), while the price for Estonia ($232 per ton) and Lithuania ($242 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+13.2%), 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 the United Arab Emirates (FOB) - 2022

In 2022, the average export price for peat; (including peat litter), whether or not agglomerateds amounted to $1,061 per ton, growing by 433% against the previous year. In general, the export price saw a significant increase. As a result, the export price reached 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 Latvia ($10,336 per ton), while the average price for exports to Lithuania ($234 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 Latvia (+162.7%), 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 the United Arab Emirates

In 2022, supplies from abroad of peat; (including peat litter), whether or not agglomerateds decreased by -10% to 23K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 20%. As a result, imports attained the peak of 41K 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 surged to $6.2M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. As a result, imports attained the peak of $7.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands8241,445N/A3,06554.9%
Estonia1,0011,0301,1861,41512.2%
Latvia2204534761,01866.6%
Germany377488414343-3.1%
Lithuania74.317450726653.0%
Others2,8973,6592,77483.9-69.3%
Total5,3937,2495,3576,1914.7%

Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to the United Arab Emirates in 2022:

  1. Netherlands (10.6K tons)
  2. Estonia (6.1K tons)
  3. Latvia (4.0K tons)
  4. Germany (1.3K tons)
  5. Lithuania (1.1K tons)

Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in the United Arab Emirates

In 2022, exports of peat; (including peat litter), whether or not agglomerateds from the United Arab Emirates contracted notably to 182 tons, dropping by -95.9% on 2021 figures. Over the period under review, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 3% against the previous year.

In value terms, exports of peat; (including peat litter), whether or not agglomerateds dropped remarkably to $193K in 2022. In general, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by 5.9% against the previous year.

Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
LatviaN/AN/AN/A81.60%
BahrainN/AN/AN/A67.40%
AzerbaijanN/AN/AN/A17.10%
DjiboutiN/AN/AN/A8.90%
LithuaniaN/AN/AN/A6.50%
Saudi ArabiaN/AN/AN/A4.90%
Oman5746748043.9-81.1%
Iran99914948.4N/A-78.0%
Others16.711.130.83.1-43.0%
Total1,590834883193-50.5%

Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from the United Arab Emirates in 2022:

  1. Azerbaijan (51.5 tons)
  2. Djibouti (35.1 tons)
  3. Bahrain (33.0 tons)
  4. Lithuania (27.9 tons)
  5. Saudi Arabia (13.7 tons)
  6. Oman (10.5 tons)
  7. Latvia (7.9 tons)

Source: IndexBox Market Intelligence Platform

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