South-Eastern Asia: Peat Market 2022

Peat Market Size in South-Eastern Asia

The Southeast Asian peat market soared to $X in 2021, with an increase of X% against the previous year. Over the period under review, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Peat Production in South-Eastern Asia

In value terms, peat production rose notably to $X in 2021 estimated in export price. In general, production, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Peat Exports

Exports in South-Eastern Asia

In 2021, exports of peat in South-Eastern Asia skyrocketed to X tons, increasing by X% against the previous year. Overall, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, peat exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Vietnam (X tons), Malaysia (X tons) and Thailand (X tons), together constituting a X% share of total exports. The following exporters - Lao People's Democratic Republic (X tons), Singapore (X tons) and the Philippines (X tons) - each finished at an X% share of total exports.

Exports from Indonesia increased at an average annual rate of +X% from 2012 to 2021. At the same time, the Philippines (+X%), Thailand (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Malaysia (-X%), Singapore (-X%) and Lao People's Democratic Republic (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Vietnam, Thailand, Malaysia and the Philippines increased by +X, +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2021, together comprising X% of total exports.

Thailand, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Peat Imports

Imports in South-Eastern Asia

In 2021, the amount of peat imported in South-Eastern Asia surged to X tons, with an increase of X% on the previous year. In general, imports posted a strong increase. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, peat imports skyrocketed to $X in 2021. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons) and Malaysia (X tons) prevails in imports structure, together mixing up X% of total imports. The Philippines (X tons), Vietnam (X tons) and Singapore (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest peat importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and the Philippines ($X), with a combined X% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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