Finland: Peat Market 2024

Peat Market Size in Finland

In 2022, after two years of decline, there was significant growth in the Finnish peat market, when its value increased by X% to $X. Overall, consumption continues to indicate strong growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Peat Production in Finland

In value terms, peat production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Peat Exports

Exports from Finland

Peat exports from Finland skyrocketed to X tons in 2022, picking up by X% against 2021. Over the period under review, exports recorded a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, peat exports soared to $X in 2022. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for peat exports from Finland, accounting for a X% share of total exports. Moreover, peat exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for peat exports from Finland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Turkey (X% per year).

Export Prices by Country

The average peat export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average 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 Israel ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Peat Imports

Imports into Finland

Peat imports into Finland surged to X tons in 2022, jumping by X% on the year before. Overall, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, peat imports surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the main peat supplier to Finland, accounting for a X% share of total imports. It was followed by Estonia (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Sweden (X% per year).

In value terms, Russia ($X) constituted the largest supplier of peat to Finland, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Estonia (X% per year).

Import Prices by Country

The average peat import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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