U.S.: Articles Of Peat Market 2024

Articles Of Peat Market Size in the U.S.

The U.S. articles of peat market expanded markedly to $X in 2022, with an increase of 9.6% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Articles of peat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Articles Of Peat Production in the U.S.

In value terms, articles of peat production rose rapidly to $X in 2022. Over the period under review, production showed prominent growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 49%. Articles of peat production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Articles Of Peat Exports

Exports from the U.S.

In 2022, approx. X tons of articles of peat were exported from the United States; picking up by 54% on the year before. In general, exports, however, showed a deep setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, articles of peat exports soared to $X in 2022. Overall, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +86.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons) was the main destination for articles of peat exports from the United States, accounting for a 68% share of total exports. Moreover, articles of peat exports to Australia exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.9% per year) and Canada (-21.4% per year).

In value terms, the largest markets for articles of peat exported from the United States were Canada ($X), Mexico ($X) and Australia ($X), with a combined 88% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +58.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average articles of peat export price stood at $X per ton in 2022, shrinking by -4.8% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Australia ($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 the UK (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Peat Imports

Imports into the U.S.

In 2022, supplies from abroad of articles of peat increased by 36% to X tons, rising for the fourth year in a row after three years of decline. Overall, imports recorded a slight increase. The pace of growth was the most pronounced in 2019 with an increase of 76%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of peat imports skyrocketed to $X in 2022. In general, imports, however, recorded a noticeable descent. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) was the main articles of peat supplier to the United States, with a 92% share of total imports. Moreover, articles of peat imports from Canada exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+48.7% per year) and France (-23.4% per year).

In value terms, Canada ($X) constituted the largest supplier of articles of peat to the United States, comprising 89% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 2.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Canada stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+35.5% per year) and France (-19.5% per year).

Import Prices by Country

The average articles of peat import price stood at $X per ton in 2022, rising by 33% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. Over the period under review, average import prices attained the peak figure 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 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 France (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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