Latin America and the Caribbean: Peat Market 2024

Peat Market Size in Latin America and the Caribbean

For the fourth consecutive year, the Latin American peat market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption showed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Peat Production in Latin America and the Caribbean

In value terms, peat production stood at $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Peat Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of peat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports fell dramatically to $X in 2022. In general, exports recorded a perceptible curtailment. The pace of growth was the most pronounced 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 lower figure.

Exports by Country

In 2022, Brazil (X tons) was the major exporter of peat, generating X% of total exports. It was distantly followed by Honduras (X tons), Argentina (X tons) and the Dominican Republic (X tons), together mixing up a X% share of total exports. Panama (X tons), Ecuador (X tons) and Guatemala (X tons) took a little share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Honduras (X%), Panama (X%), the Dominican Republic (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Ecuador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Honduras, the Dominican Republic, Brazil, Panama, Ecuador and Guatemala increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Brazil ($X) emerged as the largest peat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

In Brazil, peat exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Honduras (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Peat Imports

Imports in Latin America and the Caribbean

In 2022, imports of peat in Latin America and the Caribbean soared to X tons, with an increase of X% on the previous year. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, peat imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons) and Peru (X tons) represented the major importers of peat in 2022, amounting to approx. X% and X% of total imports, respectively. Brazil (X tons) ranks next in terms of the total imports with an X% share, followed by Chile (X%). Colombia (X tons), Ecuador (X tons), Argentina (X tons) and Guatemala (X tons) held a little share of total imports.

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

In value terms, Mexico ($X), Peru ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached 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 Guatemala ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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