Asia-Pacific: Peat Market 2022

Peat Market Size in Asia-Pacific

The Asia-Pacific peat market soared to $X in 2021, with an increase of X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2013 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Peat Production in Asia-Pacific

In value terms, peat production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Peat Exports

Exports in Asia-Pacific

In 2021, after three years of growth, there was significant decline in shipments abroad of peat, when their volume decreased by -X% to X tons. Over the period under review, exports showed a sharp slump. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, peat exports dropped notably to $X in 2021. Overall, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) represented the main exporter of peat, committing X% of total exports. It was distantly followed by Japan (X tons) and New Zealand (X tons), together committing a X% share of total exports. Indonesia (X tons) and Australia (X tons) took a relatively small share of total exports.

China was also the fastest-growing in terms of the peat exports, with a CAGR of +X% from 2012 to 2021. At the same time, Indonesia (+X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Australia (-X%) and New Zealand (-X%) illustrated a downward trend over the same period. China (+X p.p.), Japan (+X p.p.), New Zealand (+X p.p.), Indonesia (+X p.p.) and Australia (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest peat supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total exports. It was followed by Japan, with an X% share.

In China, peat exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (-X% per year) and Japan (+X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced a decline in the export price figures.

Peat Imports

Imports in Asia-Pacific

Peat imports surged to X tons in 2021, growing by X% compared with 2020. In general, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, peat imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Afghanistan (X tons) was the major importer of peat, committing X% of total imports. China (X tons) took the second position in the ranking, distantly followed by Japan (X tons) and Australia (X tons). All these countries together held near X% share of total imports. South Korea (X tons) followed a long way behind the leaders.

Imports into Afghanistan decreased at an average annual rate of -X% from 2012 to 2021. At the same time, China (+X%), Australia (+X%), South Korea (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of China, Japan, Australia and South Korea increased by +X, +X, +X and +X percentage points, respectively.

In value terms, Afghanistan ($X) constitutes the largest market for imported peat in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In Afghanistan, peat imports declined by an average annual rate of -X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Japan (+X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Afghanistan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :