
World - Peat - Market Analysis, Forecast, Size, Trends and Insights
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Global Peat Trade Peaks at $2.4B
IndexBox has just published a new report: 'World - Peat - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Exports
In 2021, global exports of peat rose remarkably to 13M tonnes, increasing by 7.6% against the previous year. The total export volume increased at an average annual rate of +3.5% from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. Global exports peaked in 2021 and are likely to continue growth in the immediate term.
In value terms, peat exports skyrocketed to $2.3B in 2021. The total export value increased at an average annual rate of +1.8% from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 20% against the previous year. Global exports peaked at $2.4B in 2015; however, from 2016 to 2021, exports failed to regain the momentum.
Exports by Country
The biggest shipments were from Latvia (2.2M tonnes), Germany (1.7M tonnes), Canada (1.7M tonnes), Estonia (1.4M tonnes), the Netherlands (1.3M tonnes) and Lithuania (1M tonnes), together reaching 73% of total export. It was distantly followed by Ireland (605K tonnes), mixing up a 4.8% share of total exports. Belgium (391K tonnes), Russia (357K tonnes), Turkmenistan (357K tonnes), Sweden (340K tonnes), Finland (327K tonnes) and Belarus (264K tonnes) held a relatively small share of total exports.
In value terms, Canada ($581M) remains the largest peat supplier worldwide, comprising 26% of global exports. The second position in the ranking was occupied by Latvia ($277M), with a 12% share of global exports. It was followed by the Netherlands, with a 10% share.
In Canada, peat exports expanded at an average annual rate of +5.4% over the period from 2007-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Latvia (+9.0% per year) and the Netherlands (+6.1% per year).
Export Prices by Country
The average peat export price stood at $181 per tonne in 2021, picking up by 9.8% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkmenistan, while Belarus was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Ireland, while the other global leaders experienced more modest paces of growth.
Imports
In 2021, approx. 13M tonnes of peat were imported worldwide; surging by 14% compared with 2020 figures. The total import volume increased at an average annual rate of +3.5% from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, peat imports soared to $2.4B in 2021. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 39% y-o-y. As a result, imports attained the peak of $2.5B. from 2016 to 2021, the growth of global imports remained at a lower figure.
Imports by Country
In 2021, the Netherlands (1.9M tonnes) and the U.S. (1.6M tonnes) represented the main importers of peatin the world, together reaching approx. 28% of total imports. Germany (1,036K tonnes) ranks next in terms of the total imports with a 8.3% share, followed by Afghanistan (8%), Italy (6.1%), the UK (5.9%), France (5%) and Belgium (4.8%). Poland (433K tonnes), Canada (355K tonnes), Spain (324K tonnes) and China (272K tonnes) followed a long way behind the leaders.
In value terms, the U.S. ($591M), Afghanistan ($504M) and the Netherlands ($171M) appeared to be the countries with the highest levels of imports in 2021, together comprising 52% of global imports. These countries were followed by Germany, France, Italy, the UK, Spain, China, Belgium, Poland and Canada, which together accounted for a further 26%.
China saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices by Country
The average peat import price stood at $194 per tonne in 2021, with an increase of 3.7% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Afghanistan, while Canada was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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