Indonesia: Articles Of Peat Market 2024

Articles Of Peat Market Size in Indonesia

The Indonesian articles of peat market reached $X in 2022, rising by 3.4% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Articles Of Peat Production in Indonesia

In value terms, articles of peat production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 -3.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 21% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Articles Of Peat Exports

Exports from Indonesia

In 2022, after five years of growth, there was significant decline in overseas shipments of articles of peat, when their volume decreased by -6.1% to X tons. Overall, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.9% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 32%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, articles of peat exports contracted to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 49% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Australia (X tons) was the main destination for articles of peat exports from Indonesia, with a 57% share of total exports. Moreover, articles of peat exports to Australia exceeded the volume sent to the second major destination, Mexico (X tons), sixfold. Denmark (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+14.7% per year) and Denmark (+20.5% per year).

In value terms, Mexico ($X) remains the key foreign market for articles of peat exports from Indonesia, comprising 44% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Denmark, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+40.5% per year) and Denmark (+25.3% per year).

Export Prices by Country

In 2022, the average articles of peat export price amounted to $X per ton, approximately equating the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of peat export price increased by +1.0% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 49%. The export price peaked at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Peat Imports

Imports into Indonesia

In 2022, after four years of growth, there was significant decline in supplies from abroad of articles of peat, when their volume decreased by -48.9% to X tons. Overall, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 533% against the previous year. Imports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, articles of peat imports declined dramatically to $X in 2022. In general, imports recorded a noticeable decrease. The growth pace was the most rapid in 2018 when imports increased by 92%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of articles of peat imports to Indonesia, with a combined 82% share of total imports. The United States, Singapore and Japan lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +51.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of peat suppliers to Indonesia were Malaysia ($X), the United States ($X) and Japan ($X), together comprising 74% of total imports.

The United States, with a CAGR of +42.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average articles of peat import price stood at $X per ton in 2022, rising by 65% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 223%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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