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EU - Peat - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Apr 29, 2021

The European Peat Market to Languish Due to New Eco Regulation

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IndexBox has just published a new report: 'EU - Peat - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The European peat market is entering a downward trend against the targeted regulation strategy to cut peat output and consumption. The EU is committed to protecting the peat deposits, as they naturally absorb greenhouse gases. Alternatives to peat are increasingly being used in agriculture and other areas, such as energy and wastewater treatment. 

Key Trends and Insights

Europe remains committed to reducing peat consumption in a bid to protect natural peat deposits. These deposits are believed to absorb carbon dioxide from the air, contributing to the reduction of greenhouse gases. Projects are now underway in Ireland and Sweden to restore the peatlands.

According to USGS data, in 2020, peat production fell in Finland to 8.4M tonnes (-15.3% y-o-y), in Germany to 2.3M tonnes (-4.8% y-o-y), in Latvia to 1.5M tonnes (-13.6%), in Poland to 0.7M tonnes (-19.5% y-o-y), and in Sweden to 1.8M tonnes (-16.7% y-o-y).

Output increased only in Ireland, to 2.8M tonnes (+15.6%) and in Estonia, to 0.9M tonnes (+1.1%). Ireland also intends to curtail peat production, following the country's shift towards alternative sources of energy, ceasing peat extraction by 2028. Finland has also set similar targets for transferring to alternative energy, but approx. 40% of the country's energy consumption is still generated by peat and other fossil fuels. Finland intends to reduce greenhouse gas emissions to zero by 2035, implying a shift away from peat in the energy sector. 

Such a negative trend in terms of peat production is now evident worldwide. According to preliminary estimates, global peat output in 2020 amounted to 29M tonnes, against 33M tonnes in 2019. This trend is to continue in the medium term against rising environmental concerns.

In the period to 2030, the European peat market is forecast to decline to 20M tonnes (IndexBox estimates). Compost made from wood, coconut fibre, deciduous plants, coniferous species and moss is set to replace the use of peat in the agriculture sector. Geotextiles, sand and polyurethane foam filters can act as filtering materials and as an alternative to peat in wastewater treatment. 

Peat Consumption by Country

Finland remains the largest peat consumer in the EU, accounting for approx. 50% of the total volume. Moreover, peat consumption in Finland exceeds the figures recorded by the second-largest consumer, Germany, fivefold. The third position in this ranking is occupied by Sweden, with a 10% share.

In value terms, the largest peat markets in the European Union are Finland ($217M), Ireland ($194M) and Germany ($190M), with a combined 45% share of the total market. These countries are followed by Sweden, France, the Netherlands and Poland, which together account for a further 26%.

The highest levels of peat per capita consumption are registered in Finland (1,700 kg per person), followed by Ireland (354 kg per person), Sweden (194 kg per person) and the Netherlands (66 kg per person), while the average per capita consumption of peat in the EU is estimated at 47 kg per person.

Peat Imports and Exports

After two years of growth, overseas purchases of peat decreased by -10.3% to 6.1M tonnes in 2019. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 9.2% year-to-year. Over the period under review, imports hit record highs at 6.8M tonnes in 2018 and then declined in the following year. In value terms, peat imports dropped to $649M in 2019. 

In 2019, the Netherlands (1.8M tonnes), distantly followed by Germany (1,002K tonnes), France (641K tonnes), Belgium (541K tonnes) and Italy (383K tonnes) represented the major importers of peat, together making up 71% of total imports. Poland (270K tonnes), Spain (202K tonnes), Lithuania (185K tonnes), the Czech Republic (170K tonnes), Austria (122K tonnes) and Hungary (99K tonnes) held a little share of total imports.

In value terms, the largest peat importing markets in the European Union were the Netherlands ($125M), France ($100M) and Germany ($93M), with a combined 49% share of the total imports. Italy, Belgium, Spain, Poland, Lithuania, the Czech Republic, Austria and Hungary lagged somewhat behind, together accounting for a further 36%.

Source: IndexBox AI Platform

Product coverage:
• UNCode 11040-0 - Peat

This report provides an in-depth analysis of the peat market in the EU. 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 the EU, split by region and country
• Trade (exports and imports) in the EU
• 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 2030
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. PRODUCTION

The Latest Trends and Insights into The Industry

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

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
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, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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