Asia-Pacific: Articles Of Peat Market 2024

Articles Of Peat Market Size in Asia-Pacific

The Asia-Pacific articles of peat market surged to $X in 2022, growing by X% against the previous year. Overall, consumption saw significant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Articles Of Peat Production in Asia-Pacific

In value terms, articles of peat production reached $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Articles Of Peat Exports

Exports in Asia-Pacific

In 2022, overseas shipments of articles of peat were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a deep contraction. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, articles of peat exports surged to $X in 2022. Overall, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Vietnam (X tons) and the Philippines (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the articles of peat exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. By contrast, the Philippines (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the Philippines (X p.p.) and Vietnam (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest articles of peat supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

In China, articles of peat exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 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 the Philippines ($X per ton), while China ($X per ton) was amongst the lowest.

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

Articles Of Peat Imports

Imports in Asia-Pacific

In 2022, purchases abroad of articles of peat increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, articles of peat imports skyrocketed to $X in 2022. Overall, imports saw a prominent increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons), Australia (X tons), India (X tons) and New Zealand (X tons) was the main importer of articles of peat in Asia-Pacific, comprising X% of total import. The following importers - South Korea (X tons), China (X tons) and Vietnam (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), India ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. New Zealand, South Korea, Vietnam and China lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw 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 Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a prominent increase 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, articles of peat import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure 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 South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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