Demand for Heating Fuel in Northern Europe to Enhance Peat Market Growth

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According to market research conducted by IndexBox, from 2007 to 2015, the global peat market fluctuated mildly, finally dropping from X thousand tons to X thousand tons, which was equal to X% decline. However, the market bounced back by X% over the last year. In value terms, it stood at X million USD in 2015. In the medium term, a modest rate of growth of +X% is forecast in terms of peat consumption, leading the market to X million tons in 2025. This growth will essentially be fueled by demand from Northern Europe, where peat is traditionally used as a fuel for heating.

The country with the highest consumption was Finland (X thousand tons), accounting for X% of total consumption in 2015. It was followed by Sweden (X%), Ireland (X%), Germany (X%), Belarus (X%), the Netherlands (X%) and Russia (X%), together comprising almost X% of global consumption.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Finland (X kg/year in 2015), which was significantly higher than the world average of X kg/year. The annual growth of per capita consumption from 2007 to 2015 was the most notable in Germany, with a +X% growth.

Peat is a widely traded commodity, with the share of exports in total global output reaching approx. X% in 2015. Moreover, since 2007, this share increased by +X percentage points. Peat will continue to be highly traded, fueled by increasing consumption, and intense global and regional integration.

In 2015, the volume of total peat exports amounted to X million tons. Overall, there was an annual increase of +X% for the period from 2007 to 2015. At the same time, the total value of peat exports stood at X billion USD in 2015, growing with a CAGR of +X% from 2007 to 2015. In 2015, Germany (X million tons), Latvia (X million tons), and Canada (X million tons) were the main exporters of peat in the world, together comprising X% of global exports.

In 2015, the volume of total peat imports stood at X million tons. Overall, there was an annual increase of +X% for the period from 2007 to 2015. The total value of peat imports reached X billion USD in 2015, increasing with a CAGR of +X% from 2007 to 2015. In 2015, the main importers of peat were the Netherlands (X million tons), the U.S. (X million tons), and Germany (X million tons), together making up X% of total imports.

Do you want to know more about the global peat market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• peat market share
• peat prices
• peat industry
• peat sales
• peat market forecast
• peat price forecast
• key peat producers

Source: IndexBox Market Intelligence Platform