Bulgaria: Peat Market 2024

Peat Market Size in Bulgaria

The Bulgarian peat market was estimated at $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Peat Exports

Exports from Bulgaria

After three years of growth, shipments abroad of peat decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, peat exports shrank markedly to $X in 2022. Overall, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Iran (X tons) and Kosovo (X tons) were the main destinations of peat exports from Bulgaria, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peat exported from Bulgaria were the United Arab Emirates ($X), Iran ($X) and Kosovo ($X), together comprising X% of total exports.

Iran, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average peat export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Kosovo ($X 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 the UK (X.9%), while the prices for the other major destinations experienced more modest paces of growth.

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Peat Imports

Imports into Bulgaria

In 2022, overseas purchases of peat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, peat imports rose remarkably to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Greece (X tons), Germany (X tons) and Lithuania (X tons) were the main suppliers of peat imports to Bulgaria, with a combined X% share of total imports. The Netherlands, Latvia, Belarus, Austria, Spain and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest peat suppliers to Bulgaria were Greece ($X), Lithuania ($X) and Germany ($X), together comprising X% of total imports. The Netherlands, Latvia, Spain, Belarus, Austria and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average peat import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, peat import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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