Middle East: Articles Of Peat Market 2024

Articles Of Peat Market Size in the Middle East

The Middle Eastern articles of peat market totaled $X in 2022, surging by X% against the previous year. The total consumption indicated a prominent increase 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Articles Of Peat Production in the Middle East

In value terms, articles of peat production amounted to $X in 2022 estimated in export price. Overall, production saw resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Articles Of Peat Exports

Exports in the Middle East

In 2022, the amount of articles of peat exported in the Middle East skyrocketed to X tons, rising by X% on the previous year. In general, exports showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, articles of peat exports surged to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the main exporter of articles of peat, making up X% of total exports. Turkey (X tons) held the second position in the ranking, followed by Syrian Arab Republic (X tons), Kuwait (X tons) and Saudi Arabia (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to articles of peat exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Syrian Arab Republic (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Turkey, Kuwait and Saudi Arabia increased by X, X, X and X percentage points, respectively.

In value terms, Turkey ($X) emerged as the largest articles of peat supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

In Turkey, articles of peat exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw significant 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 Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Articles Of Peat Imports

Imports in the Middle East

In 2022, articles of peat imports in the Middle East expanded significantly to X tons, surging by X% compared with the year before. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, articles of peat imports surged to $X in 2022. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The United Arab Emirates represented the key importer of articles of peat in the Middle East, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Israel (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%), Oman (X%) and Qatar (X%). The following importers - Kuwait (X tons) and Yemen (X tons) - together made up X% 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 Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of peat importing markets in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of 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 the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a measured 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 2019 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a 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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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