Central Asia: Peat Market 2022

Peat Market Size in Central Asia

In 2021, after two years of growth, there was significant decline in the Central Asian peat market, when its value decreased by -X% to $X. In general, consumption recorded a slight decline. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Peat Production in Central Asia

In value terms, peat production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Peat Exports

Exports in Central Asia

In 2021, the amount of peat exported in Central Asia stood at X tons, rising by X% against 2020 figures. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, peat exports totaled $X in 2021. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2021. Uzbekistan (X tons) followed a long way behind the leaders.

Turkmenistan was also the fastest-growing in terms of the peat exports, with a CAGR of +X% from 2012 to 2021. Uzbekistan (-X%) illustrated a downward trend over the same period. percentage points. Uzbekistan (-X p.p.) saw their shares reduced.

In value terms, Turkmenistan ($X) remains the largest peat supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

In Turkmenistan, peat exports shrank by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Turkmenistan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+X%).

Peat Imports

Imports in Central Asia

In 2021, approx. X tons of peat were imported in Central Asia; growing by X% against the previous year's figure. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, peat imports expanded significantly to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Kazakhstan (X tons) was the largest importer of peat, creating X% of total imports. It was distantly followed by Uzbekistan (X tons), making up a X% share of total imports. The following importers - Kyrgyzstan (X tons) and Turkmenistan (X tons) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to peat imports into Kazakhstan stood at +X%. At the same time, Uzbekistan (+X%), Kyrgyzstan (+X%) and Turkmenistan (+X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +X% from 2012-2021. Uzbekistan (+X p.p.) and Kyrgyzstan (+X p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan and Kazakhstan saw its share reduced by -X% and -X% from 2012 to 2021, respectively.

In value terms, the largest peat importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), with a combined X% share of total imports.

Uzbekistan, with a CAGR of +X%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, declining by -X% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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