Latin America and the Caribbean: Peat Market 2022

Peat Market Size in Latin America and the Caribbean

For the third year in a row, the Latin American peat market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw strong growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Peat Production in Latin America and the Caribbean

In value terms, peat production soared to $X in 2021 estimated in export price. Overall, production faced a deep downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Peat Exports

Exports in Latin America and the Caribbean

In 2021, after three years of decline, there was growth in overseas shipments of peat, when their volume increased by X% to X tons. In general, exports enjoyed moderate growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peat exports rose to $X in 2021. Total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Brazil (X tons) represented the major exporter of peat, achieving X% of total exports. Honduras (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Dominican Republic (X%) and Ecuador (X%). The following exporters - Argentina (X tons) and Mexico (X tons) - together made up X% of total exports.

From 2012 to 2021, average annual rates of growth with regard to peat exports from Brazil stood at +X%. At the same time, Honduras (+X%), the Dominican Republic (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Ecuador (-X%) and Argentina (-X%) illustrated a downward trend over the same period. Honduras (+X p.p.), the Dominican Republic (+X p.p.), Brazil (+X p.p.) and Ecuador (+X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest peat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

In Argentina, peat exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Honduras (+X% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, waning by -X% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peat export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per ton in 2020, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Argentina ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+X%), while the other leaders experienced more modest paces of growth.

Peat Imports

Imports in Latin America and the Caribbean

In 2021, approx. X tons of peat were imported in Latin America and the Caribbean; surging by X% compared with the previous year's figure. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, peat imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons), distantly followed by Chile (X tons), Peru (X tons), Brazil (X tons) and Ecuador (X tons) were the key importers of peat, together committing X% of total imports. The following importers - Colombia (X tons) and Argentina (X tons) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Peru (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported peat in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, peat imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+X% per year) and Brazil (+X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ecuador ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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