Central Asia: Peat Market 2024

Peat Market Size in Central Asia

The Central Asian peat market expanded sharply to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Peat Production in Central Asia

In value terms, peat production expanded modestly to $X in 2022 estimated in export price. The total production indicated tangible 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 2015 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Peat Exports

Exports in Central Asia

In 2022, the amount of peat exported in Central Asia dropped significantly to X tons, with a decrease of X% compared with the previous year. Overall, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports contracted notably to $X in 2022. Over the period under review, exports showed a sharp descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Uzbekistan (X tons), generating an X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the peat exports, with a CAGR of X% from 2012 to 2022. Uzbekistan (X%) illustrated a downward trend over the same period. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) emerged as the largest peat supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Peat Imports

Imports in Central Asia

In 2022, peat imports in Central Asia skyrocketed to X tons, jumping by X% on 2021 figures. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

Kazakhstan was the main importer of peat in Central Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), achieving a X% share of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to peat imports into Kazakhstan stood at X%. At the same time, Kyrgyzstan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by X and X percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported peat in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports.

In Kazakhstan, peat imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a pronounced slump. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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