Egypt: Articles Of Peat Market 2024

Articles Of Peat Market Size in Egypt

The Egyptian articles of peat market rose slightly to $X in 2022, with an increase of 2.9% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Articles Of Peat Production in Egypt

In value terms, articles of peat production rose to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -2.7% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 32%. Articles of peat production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Articles Of Peat Exports

Exports from Egypt

After three years of decline, overseas shipments of articles of peat increased by 21% to X tons in 2022. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 124% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of peat exports skyrocketed to $X in 2022. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 219%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of articles of peat exports from Egypt.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +22.9%).

In value terms, Saudi Arabia ($X) remains the key foreign market for articles of peat exports from Egypt, comprising 92% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +16.3%.

Export Prices by Country

The average articles of peat export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+6.3%).

Articles Of Peat Imports

Imports into Egypt

In 2022, purchases abroad of articles of peat increased by 1,587% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 2,462% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, articles of peat imports soared to $X in 2022. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 3,209% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest articles of peat supplier to Egypt, accounting for a 88% share of total imports. Moreover, articles of peat imports from Denmark exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to +131.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+50.7% per year) and the United States (+117.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of articles of peat to Egypt, comprising 72% of total imports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total imports. It was followed by the United States, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled +87.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+44.2% per year) and the United States (+76.5% per year).

Import Prices by Country

In 2022, the average articles of peat import price amounted to $X per ton, which is down by -40.6% against the previous year. In general, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 58% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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