MENA: Articles Of Peat Market 2024

Articles Of Peat Market Size in MENA

The MENA's articles of peat market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption enjoyed prominent growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Articles Of Peat Production in MENA

In value terms, articles of peat production expanded rapidly to $X in 2022 estimated in export price. In general, production posted a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Articles Of Peat Exports

Exports in MENA

In 2022, approx. X tons of articles of peat were exported in MENA; increasing by X% against the previous year's figure. Overall, exports recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, articles of peat exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the key exporter of articles of peat, mixing up X% of total exports. Turkey (X tons) took the second position in the ranking, followed by Syrian Arab Republic (X tons), Kuwait (X tons), Saudi Arabia (X tons) and Morocco (X tons). All these countries together took near X% share of total exports. Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to articles of peat exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Turkey (X%), Morocco (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Syrian Arab Republic (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Turkey, Kuwait, Saudi Arabia, Morocco and Egypt increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Turkey ($X) emerged as the largest articles of peat supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, articles of peat exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Articles Of Peat Imports

Imports in MENA

For the third year in a row, MENA recorded growth in supplies from abroad of articles of peat, which increased by X% to X tons in 2022. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, articles of peat imports skyrocketed to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates was the key importer of articles of peat in MENA, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Israel (X tons) ranks second in terms of the total imports with a X% share, followed by Turkey (X%), Oman (X%), Egypt (X%) and Qatar (X%). Kuwait (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of peat importing markets in MENA were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, rising by X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of peat import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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