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May 13, 2019

World - Peat - Market Analysis, Forecast, Size, Trends and Insights

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Jun 5, 2018

Germany Is the Largest Peat Exporter, Sending Abroad over 60% of Its Production

IndexBox has just published a new report "World: Peat - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Global Peat Consumption Remains Relatively Stable

From 2007 to 2016, theglobal  peat market fluctuated widely in certain years, finally dropping from 30.8M tonnes in 2007 to 27.9M tonnes in 2016, which was equal to 9% decline. Over the last year, the peat market retained the level of the previous year. According to indexBox estimates, in wholesale prices it stood at $3.8B in 2016. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Peat Market Is Forecasted to Reach 30.6M Tonnes by 2025

Peat is commonly used for two major applications: energy - as fuel for electricity and heat generation, both industrial and residential; and agriculture - as growing substrate, soil improver, compost ingredient. While in some countries peat is more commonly used for agriculture, in North European countries it is used as an energy fuel.

Peat is an important source of energy that most countries produce. Over the years, more uses of peat are emerging as we use it traditionally in cooking and heating. In some other countries, people use peat in water infiltration. 

In the medium term, a modest rate of growth of +1.0% is forecast in terms of peat consumption, leading the market to 30.6M tonnes in 2025. This growth will essentially be fueled by demand from Northern Europe, where peat is traditionally used as a fuel for heating. The growth should be supported by moderate economy expansion and slow population growth in major consuming countries; this will promote the expansion of the food industry (including the agricultural sector) and the demand for fuel.

Finland, Sweden and Ireland Remain Key Peat Consuming Countries

The country with the highest consumption was Finland (7,478 thousand tonnes), accounting for 27% of total consumption in 2016. It was followed by Sweden (12%), Ireland (12%), Germany (8%), the U.S. (5%), Belarus (5%), Russia (3%), Poland (3%), the Netherlands (3%), the UK (2%) and Ukraine (2%). All these countries together made up abot 5% of global consumption.

The highest annual rates of growth with regard to peat consumption from 2007 to 2016 were recorded in Germany, with a +3.8% growth, Ireland and Poland, with +3.2% growth and +1.6% growth. Following significant rates of growth in consumption, Ireland (+4 percentage points) and Germany (+3 percentage points) strengthened their shares in terms of global consumption from 2007 to 2016. By contrast, the share of Finland (-5 percentage points), Belarus (-3 percentage points) and Sweden (-2 percentage points) declined over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Finland (1,362 kg/year in 2016), which was significantly higher than the world average of 4 kg/year. In these country, there was a notable decline of per capita consumption at -3.3% per year, from 2007 to 2016.

Output Increased Slightly over the Last Year, but still Remains Short of the Figure Recorded in 2007 

Production of peat stood at 28.5M tonnes in 2016, which remained relatively unchanged against the previous year; this, however, still was 2.6M tonnes (8%) less than the peak level of production achieved in 2007. Global peat output had been relatively flat over the last four years; prior to that, it sluctuated somewhat noticeably, bottoming out from 2008-2009, bouncing back in the following year and then declining gradually from 2011-2012.

Finland, Ireland, Sweden and Germany Were Constituted the Largest Producers of Peat Wordwide

Finland was a key world peat producing country, with an output of approx. 7.5M tonnes in 2016, which accounted for 26% of total global output. The other major producers were Ireland (15%), Sweden (12%), Germany (12%), distantly followed by Latvia (6%), Belarus (5%) and Canada (4%). Latvia (+5.4%), Ireland (+3.3%) and Germany (+1.2%) were the countries with growing production volumes; the other main producing countries had negative paces of growth.

Approx. 33% of Global Peat Production Is Sent for Export

Peat is a widely traded commodity, with the share of exports in total global output reaching approx. 33% in 2016. Moreover, since 2007, this share increased by +6 percentage points. Peat will continue to be highly traded, fueled by increasing consumption, and intense global and regional integration. 

Germany Is the Largest Peat Exporter, Sending Abroad over 60% of Its Production

In 2016, the volume of total peat exports amounted to 9.4M tonnes. At the same time, the total value of peat exports stood at $1.2B in 2016, growing with a CAGR of +2.2% from 2007 to 2016.

In 2016, Germany (2.1M tonnes), Latvia (1.5M tonnes), Canada (1.2M tonnes), Ireland (1.0M tonnes), the Netherlands (1.0M tonnes),  Lithuania (742K tonnes) and Estonia (669K tonnes) were the main exporters of peat in the world, together comprising 87% of global exports. Moreover, Germany exported approx. 61% of its peat output. Amongst these countries, Latvia and Lithuania recorded the fastest rates of growth, with a CAGR of +4.7% each over the period under review. They were followed by the Netherlands (+4.5%), Ireland (+3.8%) and Canada (+1.3%), while Germany (-1.5%) and Estonia (-3.0%) showed a negative trend. 

From 2007 to 2016, Latvia (+4 percentage points), the Netherlands (+3 percenatge points), Ireland and Lithuania (+2 percentage points, each) strengthened their position in terms of the global peat exports. By contrast, Germany (-6 percenatge points) and Estonia (-3 percentage points) saw their shares reduced over the same period.

The Netherlands, the USA, Germany and the UK Held 50% of Global Peat Imports

In 2016, the volume of total peat imports stood at 8.8M tonnes. Imports trend pattern generally mirrored that of exports: these trade flows globally complement each other. In value terms, global peat imports totaled $1.3B in 2016, increasing with a CAGR of +2.2% from 2007 to 2016.

The main importers of peat were the Netherlands (1.7M tonnes), the U.S. (1.1M tonnes), Germany (908K tonnes), the UK (664K tonnes), France (587K tonnes), Belgium (554K tonnes), Italy (523K tonnes), together making up 69% of total imports. From 2007-2016, the U.S. recorded the highest rates of growth with regard to peat imports, with a CAGR of +1.6%. 

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 import
  • peat export
  • peat market forecast
  • peat price forecast
  • key peat producers

Source: IndexBox AI Platform

Product coverage:
• UNCode 11040-0 - Peat

This report provides an in-depth analysis of the global peat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
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