Report Update Nov 1, 2024

Dominican Republic - Peat - Market Analysis, Forecast, Size, Trends and Insights

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Dominican Republic: Peat Market 2022

Peat Market Size in the Dominican Republic

For the fourth year in a row, the Dominican peat market recorded growth in sales value, which increased by 70% to $X in 2021. In general, consumption recorded significant growth. Peat consumption peaked in 2021 and is expected to retain growth in the immediate term.

Peat Exports

Exports from the Dominican Republic

In 2021, the amount of peat exported from the Dominican Republic rose slightly to X tons, with an increase of 3.8% against 2020 figures. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2016 with an increase of 167%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, peat exports reduced to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 187%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for peat exports from the Dominican Republic, with a 77% share of total exports. Moreover, peat exports to Canada exceeded the volume sent to the second major destination, Italy (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled +31.8%.

In value terms, Canada ($X) remains the key foreign market for peat exports from the Dominican Republic, comprising 83% of total exports. The second position in the ranking was held by Italy ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +25.2%.

Export Prices by Country

The average peat export price stood at $X per ton in 2021, which is down by -10.6% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Italy stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+9.7%), while the prices for the other major destinations experienced a decline.

Peat Imports

Imports into the Dominican Republic

Peat imports into the Dominican Republic skyrocketed to X tons in 2021, surging by 38% on the year before. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 250%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, peat imports surged to $X in 2021. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 292%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Latvia (X tons) constituted the largest supplier of peat to the Dominican Republic, with a 38% share of total imports. Moreover, peat imports from Latvia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Latvia totaled +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+66.5% per year) and the Netherlands (+65.7% per year).

In value terms, Latvia ($X) constituted the largest supplier of peat to the Dominican Republic, comprising 36% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total imports. It was followed by Estonia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Latvia totaled +50.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+79.4% per year) and Estonia (+45.0% per year).

Import Prices by Country

The average peat import price stood at $X per ton in 2021, jumping by 24% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peat import price increased by +86.2% against 2013 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peat in the world?

The country with the largest volume of peat consumption was Finland, accounting for 36% of total volume. Moreover, peat consumption in Finland exceeded the figures recorded by the second-largest consumer, Sweden, sixfold. The third position in this ranking was occupied by the United States, with a 6.1% share.

What are the largest producers of peat in the world?

The country with the largest volume of peat production was Finland, accounting for 36% of total volume. Moreover, peat production in Finland exceeded the figures recorded by the second-largest producer, Sweden, fivefold. The third position in this ranking was occupied by Germany, with a 7% share.

What are the leading suppliers of peat to the Dominican Republic?

In value terms, Latvia, Canada and Estonia constituted the largest peat suppliers to the Dominican Republic, together comprising 77% of total imports. The United States, Finland, Germany and Turkey lagged somewhat behind, together accounting for a further 16%.

What are the leading importers of peat from the Dominican Republic?

In value terms, Canada remains the key foreign market for peat exports from the Dominican Republic, comprising 83% of total exports. The second position in the ranking was occupied by Italy, with a 17% share of total exports.

What is the average export price for peat in the Dominican Republic?

In 2021, the average peat export price amounted to $227 per ton, falling by -10.2% against the previous year.

What is the average import price for peat in the Dominican Republic?

In 2021, the average peat import price amounted to $377 per ton, which is down by -2.2% against the previous year.

This report provides an in-depth analysis of the peat market in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Dominican Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Dominican Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023