United Arab Emirates: Peat Market 2024

Peat Market Size in the United Arab Emirates

The peat market in the United Arab Emirates surged to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Peat Exports

Exports from the United Arab Emirates

In 2022, the amount of peat exported from the United Arab Emirates dropped rapidly to X tons, shrinking by X% against the previous year's figure. Overall, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports contracted sharply to $X in 2022. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons), Djibouti (X tons) and Bahrain (X tons) were the main destinations of peat exports from the United Arab Emirates, with a combined X% share of total exports.

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

In value terms, Latvia ($X), Bahrain ($X) and Azerbaijan ($X) were the largest markets for peat exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average peat export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price enjoyed a remarkable increase. 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 destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Peat Imports

Imports into the United Arab Emirates

Peat imports into the United Arab Emirates skyrocketed to X tons in 2022, with an increase of X% compared with the year before. Overall, total imports indicated resilient growth from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

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

Imports by Country

The Netherlands (X tons), Estonia (X tons) and Latvia (X tons) were the main suppliers of peat imports to the United Arab Emirates, together accounting for X% of total imports.

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

In value terms, the Netherlands ($X) constituted the largest supplier of peat to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Estonia ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Latvia (X% per year).

Import Prices by Country

In 2022, the average peat import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a resilient 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, peat import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for Estonia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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