South-Eastern Asia: Peat Market 2024

Peat Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian peat market decreased by X% to $X in 2022. Overall, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X, and then fell in the following year.

Peat Production in South-Eastern Asia

In value terms, peat production declined slightly to $X in 2022 estimated in export price. Overall, production showed a significant decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Peat Exports

Exports in South-Eastern Asia

In 2022, the amount of peat exported in South-Eastern Asia declined to X tons, shrinking by X% against 2021. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, peat exports dropped sharply to $X in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia represented the major exporter of peat in South-Eastern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Malaysia (X tons). All these countries together took near X% share of total exports. The following exporters - Thailand (X tons), Lao People's Democratic Republic (X tons) and Singapore (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to peat exports from Indonesia stood at X%. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), Singapore (X%) and Lao People's Democratic Republic (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), Vietnam (X p.p.), Malaysia (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Lao People's Democratic Republic saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest peat supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Indonesia, peat exports decreased by 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: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 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 Lao People's Democratic Republic ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Peat Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of peat decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, peat imports shrank to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Thailand represented the largest importer of peat in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X tons), achieving a X% share of total imports. The following importers - Singapore (X tons), Vietnam (X tons) and the Philippines (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peat importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports. The Philippines and Vietnam lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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