Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana - 2022

Contents:

  1. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana (CIF) - 2022
  2. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana (FOB) - 2022
  3. Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana
  4. Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana

Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana (CIF) - 2022

The average import price for peat; (including peat litter), whether or not agglomerateds stood at $526 per ton in 2022, declining by -8.2% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 64% against the previous year. Over the period under review, average import prices attained the maximum at $573 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($708 per ton), while the price for Estonia ($234 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+22.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana (FOB) - 2022

In 2021, the average export price for peat; (including peat litter), whether or not agglomerateds amounted to $217 per ton, waning by -41% against the previous year. In general, the export price saw a abrupt descent. Over the period under review, the average export prices reached the peak figure at $384 per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2013 to 2021, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana

In 2022, the amount of peat; (including peat litter), whether or not agglomerateds imported into Ghana reduced notably to 316 tons, which is down by -34% against 2021 figures. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 354%. As a result, imports attained the peak of 479 tons, and then declined markedly in the following year.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds shrank remarkably to $166K in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 372% against the previous year. As a result, imports reached the peak of $274K, and then contracted notably in the following year.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
LatviaN/AN/AN/A24.60%
Belgium1.73.58.58.269.0%
United States1.328.643.03.843.0%
France0.63.15.03.274.7%
Netherlands12.821.539.22.8-39.7%
Estonia0.61.44.91.946.8%
RussiaN/AN/A67.4N/A0%
Others42.70.110612241.9%
Total59.858.227416640.5%

Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to Ghana in 2022:

  1. Latvia (52.5 tons)
  2. Belgium (19.5 tons)
  3. Estonia (8.0 tons)
  4. Netherlands (7.9 tons)
  5. United States (5.8 tons)
  6. France (4.6 tons)

Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana

Exports of peat; (including peat litter), whether or not agglomerateds from Ghana soared to 57 tons in 2021, rising by 1,135% on the previous year's figure. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of peat; (including peat litter), whether or not agglomerateds skyrocketed to $12K in 2021. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Ghana (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
ChileN/A12.40%
Cameroon1.7N/A0%
OthersN/AN/A0%
Total1.712.4629.4%

Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from Ghana in 2022:

  1. Chile (57.2 tons)

Source: IndexBox Market Intelligence Platform

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