Report Update Nov 1, 2024

Saudi Arabia - Peat - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Peat Market 2022

Peat Market Size in Saudi Arabia

In 2021, the Saudi peat market increased by 34% to $X, rising for the fifth year in a row after three years of decline. In general, consumption continues to indicate perceptible growth. Peat consumption peaked in 2021 and is likely to continue growth in the near future.

Peat Exports

Exports from Saudi Arabia

Peat exports from Saudi Arabia soared to X tons in 2021, jumping by 161% on 2020. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 324% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, peat exports skyrocketed to $X in 2021. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2015 with an increase of 276%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for peat exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bahrain amounted to +25.4%.

In value terms, Bahrain ($X) also remains the key foreign market for peat exports from Saudi Arabia.

From 2012 to 2021, the average annual growth rate of value to Bahrain stood at +21.6%.

Export Prices by Country

The average peat export price stood at $X per ton in 2021, declining by -9.7% against the previous year. Overall, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 61% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Bahrain amounted to -3.0% per year.

Peat Imports

Imports into Saudi Arabia

In 2021, overseas purchases of peat increased by 20% to X tons, rising for the fifth consecutive year after four years of decline. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.5% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 31%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, peat imports skyrocketed to $X in 2021. Overall, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of 56%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Latvia (X tons), Lithuania (X tons) and Germany (X tons) were the main suppliers of peat imports to Saudi Arabia, together comprising 85% of total imports. Estonia, Poland and the Netherlands lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +233.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peat suppliers to Saudi Arabia were Latvia ($X), Lithuania ($X) and Germany ($X), together accounting for 83% of total imports. Estonia, Poland and the Netherlands lagged somewhat behind, together comprising a further 12%.

Poland, with a CAGR of +245.2%, saw 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

In 2021, the average peat import price amounted to $X per ton, with an increase of 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2013 an increase of 20%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peat in the world?

The country with the largest volume of peat consumption was Finland, comprising approx. 36% of total volume. Moreover, peat consumption in Finland exceeded the figures recorded by the second-largest consumer, Sweden, sixfold. The United States ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of peat in the world?

The country with the largest volume of peat production was Finland, accounting for 36% of total volume. Moreover, peat production in Finland exceeded the figures recorded by the second-largest producer, Sweden, fivefold. Germany ranked third in terms of total production with a 7% share.

What are the leading suppliers of peat to Saudi Arabia?

In value terms, Latvia, Lithuania and Germany appeared to be the largest peat suppliers to Saudi Arabia, together comprising 80% of total imports.

What are the leading importers of peat from Saudi Arabia?

In value terms, Oman remains the key foreign market for peat exports from Saudi Arabia, comprising 75% of total exports. The second position in the ranking was occupied by the United Arab Emirates $873), with an 18% share of total exports.

What is the average export price for peat in Saudi Arabia?

In 2021, the average peat export price amounted to $740 per ton, declining by -10.2% against the previous year.

What is the average import price for peat in Saudi Arabia?

The average peat import price stood at $235 per ton in 2021, falling by -3.5% against the previous year.

This report provides an in-depth analysis of the peat market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023