Africa: Peat Market 2024

Peat Market Size in Africa

The African peat market totaled $X in 2023, picking up by X% against the previous year. In general, consumption recorded resilient growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Peat Production in Africa

In value terms, peat production rose markedly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Peat Exports

Exports in Africa

In 2023, approx. X tons of peat were exported in Africa; which is down by X% compared with the previous year's figure. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, peat exports soared to $X in 2023. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

South Africa was the major exporter of peat in Africa, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. Libya (X tons) ranks second in terms of the total exports with a X% share, followed by Morocco (X%), Tunisia (X%), Algeria (X%) and Angola (X%).

From 2012 to 2023, average annual rates of growth with regard to peat exports from South Africa stood at X%. At the same time, Algeria (X%), Morocco (X%), Libya (X%) and Angola (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Tunisia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Libya (X p.p.), Morocco (X p.p.) and Algeria (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Tunisia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest peat supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Libya, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Libya (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate noticeable growth. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Peat Imports

Imports in Africa

In 2023, imports of peat in Africa stood at X tons, remaining stable against the previous year's figure. Total imports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, peat imports rose remarkably to $X in 2023. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Morocco (X tons) was the main importer of peat, generating X% of total imports. South Africa (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (X%), Egypt (X%) and Tunisia (X%). Libya (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) constitutes the largest market for imported peat in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

In Morocco, peat imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, rising by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, peat import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, 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.

Source: IndexBox Platform