Africa: Articles Of Peat Market 2024

Articles Of Peat Market Size in Africa

The African articles of peat market totaled $X in 2022, with an increase of 2% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.3% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Articles Of Peat Production in Africa

In value terms, articles of peat production expanded modestly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.9% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 26% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Articles Of Peat Exports

Exports in Africa

In 2022, the amount of articles of peat exported in Africa declined sharply to X tons, which is down by -28.5% on 2021. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 301%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, articles of peat exports surged to $X in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 284% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X tons), South Africa (X tons), Egypt (X tons) and Kenya (X tons) represented roughly 86% of total exports in 2022. It was distantly followed by Ethiopia (X tons), mixing up a 14% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +38.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), South Africa ($X) and Egypt ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 82% of total exports.

Among the main exporting countries, Morocco, with a CAGR of +38.8%, saw 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 2022, the export price in Africa amounted to $X per ton, with an increase of 83% against the previous year. Overall, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2018 an increase of 96% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 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 Morocco ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+25.9%), while the other leaders experienced more modest paces of growth.

Articles Of Peat Imports

Imports in Africa

In 2022, approx. X tons of articles of peat were imported in Africa; rising by 46% compared with 2021 figures. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 118% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, articles of peat imports soared to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons), distantly followed by Kenya (X tons), South Africa (X tons), Uganda (X tons) and Saint Helena, Ascension and Tristan da Cunha (X tons) were the main importers of articles of peat, together making up 81% of total imports. Tunisia (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uganda (with a CAGR of +51.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of peat importing markets in Africa were Egypt ($X), Kenya ($X) and South Africa ($X), with a combined 64% share of total imports. Uganda, Tunisia, Ghana and Saint Helena, Ascension and Tristan da Cunha lagged somewhat behind, together accounting for a further 20%.

Uganda, with a CAGR of +53.7%, 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 Africa stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 86%. As a result, import price attained the peak level of $X per ton. From 2014 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 Tunisia ($X per ton), while Saint Helena, Ascension and Tristan da Cunha ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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