Asia-Pacific: Peat Market 2024

Peat Market Size in Asia-Pacific

In 2022, after three years of decline, there was significant growth in the Asia-Pacific peat market, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Peat Production in Asia-Pacific

In value terms, peat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Peat Exports

Exports in Asia-Pacific

In 2022, after four years of growth, there was significant decline in overseas shipments of peat, when their volume decreased by X% to X tons. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports fell sharply to $X in 2022. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sri Lanka represented the largest exporter of peat in Asia-Pacific, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. China (X tons) ranks second in terms of the total exports with a X% share, followed by New Zealand (X%) and Taiwan (Chinese) (X%). The following exporters - Indonesia (X tons) and India (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to peat exports from Sri Lanka stood at X%. At the same time, Taiwan (Chinese) (X%), China (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and India (X%) illustrated a downward trend over the same period. While the share of Sri Lanka (X p.p.), China (X p.p.), Taiwan (Chinese) (X p.p.), New Zealand (X p.p.) and Indonesia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) emerged as the largest peat supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Sri Lanka, peat exports increased 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: New Zealand (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 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 Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

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

Peat Imports

Imports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in supplies from abroad of peat, which increased by X% to X tons in 2022. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, peat imports soared to $X in 2022. In general, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the largest importer of peat, achieving X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by Australia (X%) and South Korea (X%). The following importers - Thailand (X tons), Taiwan (Chinese) (X tons) and New Zealand (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to peat imports into China stood at X%. At the same time, New Zealand (X%), Thailand (X%), South Korea (X%), Australia (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Australia and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported peat in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Australia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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