Middle East and North Africa: Peat Market 2022

Peat Market Size in Middle East and North Africa

In 2021, after two years of growth, there was decline in the MENA's peat market, when its value decreased by -X% to $X. Over the period under review, consumption recorded a slight contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Peat Production in Middle East and North Africa

In value terms, peat production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a slight shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Peat Exports

Exports in Middle East and North Africa

After two years of decline, shipments abroad of peat increased by X% to X tons in 2021. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, peat exports surged to $X in 2021. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Iran prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2021. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to peat exports from Iran stood at +X%. At the same time, Turkey (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) remains the largest peat supplier in Middle East and North Africa, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Iran amounted to +X%.

Export Prices by Country

The export price in Middle East and North Africa stood at $X per ton in 2021, waning by -X% against the previous year. Over the period under review, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Iran ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-X%).

Peat Imports

Imports in Middle East and North Africa

In 2021, the amount of peat imported in Middle East and North Africa rose rapidly to X tons, with an increase of X% against the year before. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, peat imports skyrocketed to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

In 2021, Israel (X tons), Turkey (X tons) and Morocco (X tons) was the largest importer of peat in Middle East and North Africa, constituting X% of total import. Saudi Arabia (X tons) ranks next in terms of the total imports with a X% share, followed by Egypt (X%) and Algeria (X%). The United Arab Emirates (X tons), Tunisia (X tons), Qatar (X tons), Kuwait (X tons), Oman (X tons), Iraq (X tons) and Jordan (X tons) followed a long way behind the leaders.

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

In value terms, Morocco ($X), Israel ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports. These countries were followed by Saudi Arabia, Egypt, Tunisia, Algeria, Qatar, the United Arab Emirates, Iraq, Oman, Jordan and Kuwait, which together accounted for a further X the main importing countries, Egypt, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Middle East and North Africa stood at $X per ton in 2021, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform