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

Contents:

  1. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Uruguay (CIF) - 2022
  2. Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Uruguay

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

In 2022, the average import price for peat; (including peat litter), whether or not agglomerateds amounted to $565 per ton, surging by 14% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38%. The import price peaked at $630 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($2,142 per ton), while the price for Lithuania ($368 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.8%), 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 Uruguay

Imports of peat; (including peat litter), whether or not agglomerateds into Uruguay rose modestly to 5.1K tons in 2022, picking up by 2.5% against the previous year's figure. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 27%. As a result, imports reached the peak of 5.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds skyrocketed to $2.9M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania51972661173612.3%
CanadaN/A13.7396652589.9%
Brazil677310577516-8.7%
Estonia21325236530012.1%
Latvia18.131962.8276148.0%
Spain26.081.385.010458.7%
Netherlands57.663.945.095.718.4%
Others11615533821623.0%
Total1,6261,9212,4802,89621.2%

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

  1. Lithuania (2002.6 tons)
  2. Brazil (830.4 tons)
  3. Estonia (745.2 tons)
  4. Latvia (609.5 tons)
  5. Canada (465.1 tons)
  6. Netherlands (215.4 tons)
  7. Spain (117.9 tons)

Source: IndexBox Market Intelligence Platform

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