Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia - 2023
Contents:
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia (FOB) - 2022
- Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia (CIF) - 2022
- Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia
- Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia (FOB) - 2022
The average export price for peat; (including peat litter), whether or not agglomerateds stood at $147 per ton in 2022, surging by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($219 per ton), while the average price for exports to Ireland ($35 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia (CIF) - 2022
In 2022, the average import price for peat; (including peat litter), whether or not agglomerateds amounted to $105 per ton, rising by 4.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($204 per ton), while the price for the Czech Republic ($75 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia
In 2022, overseas shipments of peat; (including peat litter), whether or not agglomerateds decreased by -5.2% to 2.1M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16%.
In value terms, exports of peat; (including peat litter), whether or not agglomerateds expanded significantly to $313M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.3 | 24.5 | 25.4 | 50.6 | 29.5% |
| Germany | 32.6 | 34.5 | 38.5 | 35.8 | 3.2% |
| Italy | 24.4 | 27.8 | 37.5 | 31.9 | 9.3% |
| Poland | 7.9 | 9.9 | 13.2 | 16.7 | 28.3% |
| Netherlands | 13.0 | 13.4 | 17.1 | 16.2 | 7.6% |
| Belgium | 10.5 | 12.7 | 13.3 | 12.5 | 6.0% |
| Spain | 9.3 | 9.5 | 13.1 | 11.4 | 7.0% |
| South Korea | 5.7 | 8.7 | 10.5 | 10.1 | 21.0% |
| Japan | 5.0 | 6.1 | 8.9 | 9.4 | 23.4% |
| Czech Republic | 3.5 | 4.7 | 5.4 | 8.5 | 34.4% |
| Lithuania | 5.8 | 6.8 | 6.5 | 5.9 | 0.6% |
| Hungary | 3.7 | 3.8 | 5.1 | 5.0 | 10.6% |
| Ireland | 1.0 | 2.7 | 1.4 | 1.6 | 17.0% |
| Others | 63.6 | 73.1 | 87.6 | 97.4 | 15.3% |
| Total | 209 | 238 | 284 | 313 | 14.4% |
Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from Latvia in 2022:
- Germany (313.4K tons)
- China (230.6K tons)
- Italy (209.1K tons)
- Belgium (183.9K tons)
- Netherlands (171.3K tons)
- Poland (152.6K tons)
- Czech Republic (87.4K tons)
- Lithuania (75.8K tons)
- Spain (68.6K tons)
- South Korea (52.0K tons)
- Ireland (47.1K tons)
- Japan (45.7K tons)
- Hungary (39.1K tons)
Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas purchases of peat; (including peat litter), whether or not agglomerateds, which increased by 34% to 117K tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of peat; (including peat litter), whether or not agglomerateds surged to $12M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 3.4 | 3.6 | 4.6 | 4.1 | 6.4% |
| Lithuania | 1.1 | 1.8 | 1.8 | 4.1 | 55.0% |
| Poland | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Belarus | 0.3 | 0.5 | 0.8 | 0.8 | 38.7% |
| Russia | 1.2 | 0.6 | 0.9 | 0.8 | -12.6% |
| Germany | 0.1 | 0.3 | 0.2 | 0.4 | 58.7% |
| Czech Republic | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 0.1 | 0.2 | 0.2 | 0.5 | 71.0% |
| Total | 6.4 | 7.2 | 8.8 | 12.4 | 24.7% |
Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to Latvia in 2022:
- Lithuania (44.0K tons)
- Estonia (43.0K tons)
- Poland (10.4K tons)
- Belarus (8.3K tons)
- Russia (4.0K tons)
- Czech Republic (3.3K tons)
- Germany (2.2K tons)
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This report provides an in-depth analysis of the peat market in Latvia.
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This report provides an in-depth analysis of the global peat market.
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This report provides an in-depth analysis of the peat market in Latvia.
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This report provides an in-depth analysis of the global peat market.
391
The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030.
446
Global trade in peat reached the highest level ever, peaking at $2.4B in 2021. Canada and Latvia remain the world's largest peat suppliers, while the U.S. leads imports.
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From 2007 to 2016, the global peat market fluctuated widely in certain years, finally dropping from X tons in 2007 to X tons in 2016, which was equal to X% decline. Over the last year, the peat market retained the level of the previous year
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In 2016, the global peat imports amounted to X tons, declining by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from X>
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In 2016, the global peat imports amounted to X tons, declining by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the period from X>
1646
From 2007 to 2015, the peat market fluctuated mildly, finally dropping from X thousand tons to X thousand tons, which was equal to X% decline.
1966
The global peat market fluctuated mildly from 2007 to 2015, finally dropping to X thousand tons, which was equal to X% decline against the outset level. In value terms, it stood at X million USD in 2015, rising by
391
The global peat market is forecast to reach $5.0B by 2030, growing at a CAGR of 3.9% during the period 2022-2030.
446
Global trade in peat reached the highest level ever, peaking at $2.4B in 2021. Canada and Latvia remain the world's largest peat suppliers, while the U.S. leads imports.
1130
From 2007 to 2016, the global peat market fluctuated widely in certain years, finally dropping from X tons in 2007 to X tons in 2016, which was equal to X% decline. Over the last year, the peat market retained the level of the previous year
