South Africa: Articles Of Peat Market 2024

Articles Of Peat Market Size in South Africa

The South African articles of peat market declined slightly to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Articles Of Peat Production in South Africa

In value terms, articles of peat production declined to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Articles Of Peat Exports

Exports from South Africa

After two years of growth, overseas shipments of articles of peat decreased by -73.7% to X tons in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of 3,264% against the previous year. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, articles of peat exports shrank remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,210% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Kenya (X tons), Botswana (X tons) and Saudi Arabia (X kg) were the main destinations of articles of peat exports from South Africa, together accounting for 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +37.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for articles of peat exports from South Africa, comprising 60% of total exports. The second position in the ranking was held by Kenya ($X), with a 19% share of total exports. It was followed by Botswana, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+36.2% per year) and Botswana (-7.9% per year).

Export Prices by Country

The average articles of peat export price stood at $X per ton in 2022, picking up by 111% against the previous year. In general, the export price, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2015 an increase of 686%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Peat Imports

Imports into South Africa

In 2022, overseas purchases of articles of peat were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a noticeable downturn. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, articles of peat imports surged to $X in 2022. Overall, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 273%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Denmark (X tons) and the Netherlands (X tons) were the main suppliers of articles of peat imports to South Africa, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +126.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest articles of peat suppliers to South Africa were China ($X), Denmark ($X) and the Netherlands ($X), together comprising 93% of total imports.

Among the main suppliers, Denmark, with a CAGR of +130.4%, 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 mixed trend patterns.

Import Prices by Country

The average articles of peat import price stood at $X per ton in 2022, with a decrease of -42.2% against the previous year. In general, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 186%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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