CIS: Peat Market 2024

Peat Market Size in CIS

The CIS peat market rose significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Peat Production in CIS

In value terms, peat production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Peat Exports

Exports in CIS

In 2022, shipments abroad of peat decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, peat exports fell remarkably to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Belarus (X tons) and Russia (X tons) dominates exports structure, together generating X% of total exports. Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Armenia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Russia ($X), Belarus ($X) and Armenia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Armenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Peat Imports

Imports in CIS

In 2022, the amount of peat imported in the CIS skyrocketed to X tons, with an increase of X% compared with the year before. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, peat imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The purchases of the three major importers of peat, namely Russia, Belarus and Kazakhstan, represented more than two-thirds of total import. Moldova (X tons) held the next position in the ranking, followed by Azerbaijan (X tons). All these countries together took approx. X% share of total imports. Uzbekistan (X tons) took a relatively small share of total imports.

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

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Moldova, Azerbaijan and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :