United Kingdom - Peat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

United Kingdom - Peat - Market Analysis, Forecast, Size, Trends and Insights

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Peat Price in the UK - 2023

Contents:

  1. Peat Price in the UK (CIF) - 2023
  2. Peat Price in the UK (FOB) - 2023
  3. Peat Imports in the UK
  4. Peat Exports in the UK

Peat Price in the UK (CIF) - 2023

In August 2023, the average peat import price amounted to $229 per ton, surging by 9.3% against the previous month. In general, the import price enjoyed a mild increase. The pace of growth appeared the most rapid in February 2023 an increase of 110% against the previous month. As a result, import price reached the peak level of $430 per ton. From March 2023 to August 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($556 per ton), while the price for Ireland ($180 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Latvia (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Peat Price in the UK (FOB) - 2023

In August 2023, the average peat export price amounted to $221 per ton, reducing by -13.2% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 48% month-to-month. The export price peaked at $268 per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Panama ($241 per ton), while the average price for exports to Ireland ($96.0 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Peat Imports in the UK

After three years of growth, supplies from abroad of peat decreased by -53.7% to 370K tons in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2020 with an increase of 12%.

In value terms, peat imports fell dramatically to $56M in 2022. Over the period under review, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 17%.

Import of Peat in the UK (Million USD)
COUNTRY201920202021CAGR,
2019-2021
Ireland47.452.245.1-2.5%
Netherlands3.95.99.858.5%
Latvia2.55.09.089.7%
Belgium5.16.96.916.3%
Germany3.50.92.6-13.8%
FinlandN/AN/A2.50%
LithuaniaN/A0.32.1600.0%
Others1.74.03.032.8%
Total64.275.281.112.4%

Top Suppliers of Peat to the UK in 2022:

  1. Ireland (455.3K tons)
  2. Latvia (109.1K tons)
  3. Netherlands (80.7K tons)
  4. Belgium (69.9K tons)
  5. Finland (35.4K tons)
  6. Lithuania (21.9K tons)
  7. Germany (17.0K tons)

Peat Exports in the UK

In 2022, shipments abroad of peat decreased by -10.6% to 47K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 29%. As a result, the exports reached the peak of 54K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, peat exports declined significantly to $9.7M in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 38%.

Export of Peat in the UK (Million USD)
COUNTRY201920202021CAGR,
2019-2021
Ireland6.27.48.819.1%
Germany0.31.20.529.1%
Japan0.40.50.511.8%
Ecuador0.10.10.373.2%
OmanN/A0.20.20.0%
France0.40.8N/A100.0%
Others0.71.11.336.3%
Total8.211.311.618.9%

Top Export Markets for Peat from the UK in 2022:

  1. Ireland (39.0K tons)
  2. Germany (2.9K tons)
  3. Japan (2.5K tons)
  4. Ecuador (1.2K tons)
  5. Oman (0.9K tons)
  6. France (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the peat market in the UK. 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 2030.

Product coverage:

    Country coverage:

    • United Kingdom

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in the UK
    • 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. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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    Free Data: Peat - United Kingdom