Asia-Pacific: Articles Of Peat Market 2025

Articles Of Peat Market Size in Asia-Pacific

In 2022, the Asia-Pacific articles of peat market decreased by -12.1% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Articles Of Peat Production in Asia-Pacific

In value terms, articles of peat production stood at $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 57% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Articles Of Peat Exports

Exports in Asia-Pacific

In 2022, the amount of articles of peat exported in Asia-Pacific skyrocketed to X tons, rising by 95% on 2021 figures. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 119% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, articles of peat exports soared to $X in 2022. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 222%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the main exporter of articles of peat, making up 68% of total exports. It was distantly followed by Indonesia (X tons) and Australia (X tons), together making up a 27% share of total exports. Vietnam (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to articles of peat exports from China stood at +61.9%. At the same time, Australia (+99.9%) and Indonesia (+2.4%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +99.9% from 2012-2022. Vietnam experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Australia increased by +66 and +5.2 percentage points, respectively.

In value terms, China ($X) remains the largest articles of peat supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was held by Indonesia ($X), with an 18% share of total exports. It was followed by Australia, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +68.4%. In the other countries, the average annual rates were as follows: Indonesia (+7.4% per year) and Australia (+66.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, rising by 10% against the previous year. Over the period under review, the export price showed notable growth. The most prominent rate of growth was recorded in 2014 when the export price increased by 86%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Articles Of Peat Imports

Imports in Asia-Pacific

In 2022, overseas purchases of articles of peat increased by 26% to X tons, rising for the third year in a row after two years of decline. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +115.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 38%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, articles of peat imports skyrocketed to $X in 2022. In general, imports recorded noticeable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Australia (X tons), distantly followed by Japan (X tons), India (X tons), South Korea (X tons), New Zealand (X tons) and Malaysia (X tons) represented the major importers of articles of peat, together constituting 87% of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of peat importing markets in Asia-Pacific were Japan ($X), India ($X) and Australia ($X), with a combined 68% share of total imports. New Zealand, South Korea, Vietnam and Malaysia lagged somewhat behind, together accounting for a further 24%.

South Korea, with a CAGR of +28.1%, saw the highest rates of growth with regard to the value of imports, among 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 Asia-Pacific amounted to $X per ton, surging by 7.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 17%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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