Pakistan: Articles Of Peat Market 2024

Articles Of Peat Market Size in Pakistan

The Pakistani articles of peat market stood at $X in 2022, surging by 4% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -3.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Articles Of Peat Production in Pakistan

In value terms, articles of peat production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 51%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Articles Of Peat Exports

Exports from Pakistan

Articles of peat exports from Pakistan dropped markedly to X tons in 2022, shrinking by -19.4% against 2021 figures. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 508% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, articles of peat exports rose to $X in 2022. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2013 with an increase of 397%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for articles of peat exports from Pakistan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +18.4%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for articles of peat exports from Pakistan.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +14.4%.

Export Prices by Country

The average articles of peat export price stood at $X per ton in 2022, picking up by 28% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 441%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.4% per year.

Articles Of Peat Imports

Imports into Pakistan

In 2022, overseas purchases of articles of peat were finally on the rise to reach X kg after four years of decline. In general, imports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 with an increase of 389%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of peat imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 422% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest articles of peat supplier to Pakistan, with a 57% share of total imports. Moreover, articles of peat imports from the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), fourfold. The Netherlands (X kg) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.4% per year) and the Netherlands (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of articles of peat to Pakistan, comprising 50% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (0.0% per year) and China (+1.6% per year).

Import Prices by Country

In 2022, the average articles of peat import price amounted to $X per ton, declining by -14.9% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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