Japan: Articles Of Peat Market 2025

Articles Of Peat Market Size in Japan

The Japanese articles of peat market surged to $X in 2022, increasing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a tangible increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Articles Of Peat Exports

Exports from Japan

In 2022, the amount of articles of peat exported from Japan soared to X tons, jumping by 485% compared with 2021. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, articles of peat exports skyrocketed to $X in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for articles of peat exports from Japan, with a 96% share of total exports. It was followed by China (X kg), with a 2.4% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to South Korea totaled +47.2%.

In value terms, South Korea ($X) remains the key foreign market for articles of peat exports from Japan, comprising 89% of total exports. The second position in the ranking was held by China ($X), with a 4.7% share of total exports.

From 2014 to 2022, the average annual growth rate of value to South Korea amounted to +16.8%.

Export Prices by Country

The average articles of peat export price stood at $X per ton in 2022, dropping by -32.3% against the previous year. In general, the export price, however, saw significant growth. The growth pace was the most rapid in 2020 when the average export price increased by 2.9% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 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 China ($X per ton), while the average price for exports to South Korea totaled $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-20.7%).

Articles Of Peat Imports

Imports into Japan

In 2022, the amount of articles of peat imported into Japan rose rapidly to X tons, increasing by 12% compared with 2021. Over the period under review, imports recorded tangible growth. The pace of growth was the most pronounced in 2018 when imports increased by 170% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, articles of peat imports skyrocketed to $X in 2022. In general, imports recorded a pronounced increase. The growth pace was the most rapid in 2018 with an increase of 141%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Denmark (X tons) constituted the largest articles of peat supplier to Japan, with a 72% share of total imports. Moreover, articles of peat imports from Denmark exceeded the figures recorded by the second-largest supplier, Norway (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-5.8% per year) and South Korea (-2.8% per year).

In value terms, Denmark ($X) constituted the largest supplier of articles of peat to Japan, comprising 73% of total imports. The second position in the ranking was taken by Norway ($X), with a 17% share of total imports. It was followed by South Korea, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-2.8% per year) and South Korea (-6.3% per year).

Import Prices by Country

The average articles of peat import price stood at $X per ton in 2022, surging by 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 an increase of 34%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat 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 Norway ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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