ASEAN: Peat Market 2024

Peat Market Size in ASEAN

In 2022, after two years of growth, there was significant decline in the ASEAN peat market, when its value decreased by X% to $X. Overall, consumption, however, saw prominent growth. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Peat Production in ASEAN

In value terms, peat production shrank to $X in 2022 estimated in export price. Overall, production recorded a sharp decline. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Peat Exports

Exports in ASEAN

In 2022, approx. X tons of peat were exported in ASEAN; which is down by X% against the previous year. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports contracted remarkably to $X in 2022. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the main exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Vietnam (X tons) and Malaysia (X tons), together making up a X% share of total exports. Thailand (X tons), Lao People's Democratic Republic (X tons) and Singapore (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), Singapore (X%) and Lao People's Democratic Republic (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), Vietnam (X p.p.), Malaysia (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Lao People's Democratic Republic saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest peat supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Peat Imports

Imports in ASEAN

In 2022, after four years of growth, there was significant decline in supplies from abroad of peat, when their volume decreased by X% to X tons. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, peat imports declined to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Thailand represented the major importer of peat in ASEAN, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X tons), making up a X% share of total imports. Singapore (X tons), Vietnam (X tons) and the Philippines (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Philippines and Vietnam lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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