Australia and Oceania: Peat Market 2024

Peat Market Size in Australia and Oceania

After two years of growth, the peat market in Australia and Oceania decreased by X% to $X in 2023. Over the period under review, consumption, however, enjoyed resilient growth. The level of consumption peaked at $X in 2022, and then reduced notably in the following year.

Peat Production in Australia and Oceania

In value terms, peat production dropped dramatically to $X in 2023 estimated in export price. Overall, production saw a precipitous shrinkage. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Peat Exports

Exports in Australia and Oceania

In 2023, overseas shipments of peat decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, peat exports declined markedly to $X in 2023. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Australia (X tons), creating a X% share of total exports.

New Zealand was also the fastest-growing in terms of the peat exports, with a CAGR of X% from 2012 to 2023. Australia (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, New Zealand ($X) remains the largest peat supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

In New Zealand, peat exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Peat Imports

Imports in Australia and Oceania

After two years of growth, supplies from abroad of peat decreased by X% to X tons in 2023. Total imports indicated noticeable growth from 2012 to 2023: its volume 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. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then reduced notably in the following year.

In value terms, peat imports contracted significantly to $X in 2023. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then declined dramatically in the following year.

Imports by Country

In 2023, Australia (X tons) was the largest importer of peat, making up X% of total imports. It was distantly followed by New Zealand (X tons), committing a X% share of total imports. The following importers - New Caledonia (X tons) and French Polynesia (X tons) - each accounted for a X% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of peat. At the same time, New Zealand (X%), New Caledonia (X%) and French Polynesia (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported peat in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by French Polynesia, with a X% share.

In Australia, 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: New Zealand (X% per year) and French Polynesia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform