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Report Update: Sep 1, 2023

South Africa - Peat - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Peat Market 2022

Peat Market Size in South Africa

In 2021, the South African peat market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Peat Exports

Exports from South Africa

In 2021, the amount of peat exported from South Africa soared to X tons, with an increase of X% on 2020. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, peat exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Zambia (X tons), Zimbabwe (X tons) and Namibia (X tons) were the main destinations of peat exports from South Africa, together comprising X% of total exports. Lesotho and Botswana lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lesotho (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peat exported from South Africa were Zimbabwe ($X), Zambia ($X) and Namibia ($X), with a combined X% share of total exports. These countries were followed by Botswana and Lesotho, which together accounted for a further X terms of the main countries of destination, Lesotho, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average peat export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (-X%), while the prices for the other major destinations experienced a decline.

Peat Imports

Imports into South Africa

In 2021, supplies from abroad of peat increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, peat imports surged to $X in 2021. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ireland (X tons), the Netherlands (X tons) and Lithuania (X tons) were the main suppliers of peat imports to South Africa, with a combined X% share of total imports. These countries were followed by Estonia, Latvia, India and Sri Lanka, which together accounted for a further X 2012 to 2021, the biggest increases were in Latvia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Ireland ($X) and Lithuania ($X) were the largest peat suppliers to South Africa, with a combined X% share of total imports. These countries were followed by Latvia, Estonia, India and Sri Lanka, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average peat import price amounted to $X per ton, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sri Lanka ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for peat in the world?

Finland constituted the country with the largest volume of peat consumption, comprising approx. 34% of total volume. Moreover, peat consumption in Finland exceeded the figures recorded by the second-largest consumer, Afghanistan, fourfold. The third position in this ranking was held by Sweden, with a 6% share.

What are the largest producers of peat in the world?

Finland constituted the country with the largest volume of peat production, comprising approx. 34% of total volume. Moreover, peat production in Finland exceeded the figures recorded by the second-largest producer, Latvia, fourfold. Sweden ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of peat to South Africa?

In value terms, the Netherlands, Ireland and Lithuania constituted the largest peat suppliers to South Africa, with a combined 65% share of total imports. These countries were followed by Latvia, Estonia, India and Sri Lanka, which together accounted for a further 26%.

What are the leading importers of peat from South Africa?

In value terms, Zimbabwe, Zambia and Namibia appeared to be the largest markets for peat exported from South Africa worldwide, together accounting for 71% of total exports. Botswana and Lesotho lagged somewhat behind, together accounting for a further 17%.

What is the average export price for peat in South Africa?

In 2021, the average peat export price amounted to $532 per ton, which is down by -14.9% against the previous year.

What is the average import price for peat in South Africa?

In 2021, the average peat import price amounted to $151 per ton, picking up by 4.5% against the previous year.

This report provides an in-depth analysis of the peat market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

• South Africa

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in South Africa

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance