Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Turkey - 2023
Contents:
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Turkey (CIF) - 2022
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Turkey (FOB) - 2023
- Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Turkey
- Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Turkey
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Turkey (CIF) - 2022
The average import price for peat; (including peat litter), whether or not agglomerateds stood at $229 per ton in 2022, surging by 9.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $232 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 the Netherlands ($424 per ton), while the price for Belarus ($183 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+2.6%), 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 Turkey (FOB) - 2023
The average export price for peat; (including peat litter), whether or not agglomerateds stood at $254 per ton in December 2023, dropping by -32.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 62% m-o-m. Over the period under review, the average export prices hit record highs at $378 per ton in November 2023, and then fell rapidly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Syrian Arab Republic ($441 per ton), while the average price for exports to Iraq ($23.0 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+3.8%), 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 Turkey
In 2022, imports of peat; (including peat litter), whether or not agglomerateds into Turkey soared to 94K tons, with an increase of 16% on the year before. The total import volume increased at an average annual rate of +11.8% 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 21%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of peat; (including peat litter), whether or not agglomerateds surged to $21M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.3% 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 +65.8% against 2019 indices. 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2.5 | 3.3 | 4.6 | 6.0 | 33.9% |
| Latvia | 3.0 | 3.6 | 4.5 | 5.1 | 19.3% |
| Lithuania | 3.3 | 3.9 | 3.2 | 4.0 | 6.6% |
| Finland | 2.3 | 2.3 | 2.4 | 3.3 | 12.8% |
| Belarus | 0.6 | 0.9 | 1.0 | 1.5 | 35.7% |
| Netherlands | 0.4 | 0.6 | 0.6 | 0.8 | 26.0% |
| Germany | 0.6 | 0.9 | 0.4 | 0.7 | 5.3% |
| Others | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Total | 12.9 | 15.6 | 17.0 | 21.5 | 18.6% |
Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to Turkey in 2022:
- Estonia (26.7K tons)
- Latvia (23.4K tons)
- Lithuania (18.6K tons)
- Finland (11.7K tons)
- Belarus (7.9K tons)
- Germany (3.3K tons)
- Netherlands (1.9K tons)
Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Turkey
For the fourth year in a row, Turkey recorded growth in shipments abroad of peat; (including peat litter), whether or not agglomerateds, which increased by 28% to 9.9K tons in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of peat; (including peat litter), whether or not agglomerateds stood at $1.7M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 216 | 468 | 461 | 596 | 40.3% |
| Syrian Arab Republic | 82.1 | 78.7 | 147 | 472 | 79.1% |
| Azerbaijan | 97.5 | 116 | 127 | 217 | 30.6% |
| Turkmenistan | 218 | 165 | 180 | 125 | -16.9% |
| Cyprus | 30.7 | 59.0 | 190 | 98.6 | 47.5% |
| Iran | 142 | 67.3 | 62.8 | 34.1 | -37.8% |
| Lebanon | 30.0 | 8.0 | N/A | N/A | -73.3% |
| Others | 184 | 199 | 311 | 148 | -7.0% |
| Total | 1,001 | 1,161 | 1,479 | 1,691 | 19.1% |
Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from Turkey in 2022:
- Iraq (4.7K tons)
- Syrian Arab Republic (2.8K tons)
- Cyprus (0.9K tons)
- Azerbaijan (0.8K tons)
- Turkmenistan (0.2K tons)
- Iran (0.1K tons)
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This report provides an in-depth analysis of the peat market in Turkey.
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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 Turkey.
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This report provides an in-depth analysis of the global peat market.
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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.
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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>
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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.
1966
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
390
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.
1129
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
