Africa: Peat Market 2024

Peat Market Size in Africa

In 2022, the African peat market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Peat Production in Africa

In value terms, peat production dropped to $X in 2022 estimated in export price. In general, production showed a mild curtailment. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Peat Exports

Exports in Africa

After six years of growth, shipments abroad of peat decreased by X% to X tons in 2022. In general, exports, however, enjoyed a moderate increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then declined markedly in the following year.

In value terms, peat exports reduced markedly to $X in 2022. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Morocco (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Angola (X%) and Egypt (X%).

South Africa was also the fastest-growing in terms of the peat exports, with a CAGR of X% from 2012 to 2022. At the same time, Morocco (X%) and Angola (X%) displayed positive paces of growth. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Morocco increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest peat supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced a decline in the export price figures.

Peat Imports

Imports in Africa

In 2022, overseas purchases of peat increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, peat imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Morocco (X tons) represented the largest importer of peat, constituting X% of total imports. It was distantly followed by South Africa (X tons), Algeria (X tons), Egypt (X tons) and Tunisia (X tons), together constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to peat imports into Morocco stood at X%. At the same time, Egypt (X%), Algeria (X%), Tunisia (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. While the share of Morocco (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tunisia (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported peat in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with an X% share of total imports. It was followed by Egypt, with a X% share.

In Morocco, peat imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, surging by X% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, peat import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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