South-Eastern Asia: Articles Of Peat Market 2024

Articles Of Peat Market Size in South-Eastern Asia

The Southeast Asian articles of peat market declined remarkably to $X in 2022, with a decrease of -24.6% against the previous year. Overall, consumption saw a significant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Articles Of Peat Production in South-Eastern Asia

In value terms, articles of peat production expanded markedly to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -7.1% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Articles Of Peat Exports

Exports in South-Eastern Asia

In 2022, after five years of growth, there was significant decline in overseas shipments of articles of peat, when their volume decreased by -5% to X tons. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.3% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 18%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, articles of peat exports reached $X in 2022. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 76%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia dominates exports structure, accounting for X tons, which was near 93% of total exports in 2022. It was distantly followed by Vietnam (X tons), generating a 6.5% share of total exports.

Indonesia was also the fastest-growing in terms of the articles of peat exports, with a CAGR of +2.4% from 2012 to 2022. Vietnam experienced a relatively flat trend pattern. Indonesia (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest articles of peat supplier in South-Eastern Asia, comprising 83% of total exports. The second position in the ranking was held by Vietnam ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled +7.4%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by 6.5% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when the export price increased by 109%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.9%).

Articles Of Peat Imports

Imports in South-Eastern Asia

In 2022, articles of peat imports in South-Eastern Asia reduced to X tons, falling by -8.9% against 2021. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of peat imports surged to $X in 2022. Overall, imports continue to indicate a deep contraction. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) and Vietnam (X tons) represented the key importers of articles of peat in South-Eastern Asia, together finishing at near 65% of total imports. It was distantly followed by Singapore (X tons), Myanmar (X tons) and Indonesia (X tons), together comprising a 34% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +97.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together comprising 89% of total imports. Indonesia and Myanmar lagged somewhat behind, together comprising a further 7.1%.

Myanmar, with a CAGR of +43.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by 89% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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