Hungary: Peat Market 2024

Peat Market Size in Hungary

The Hungarian peat market expanded to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable decline. Peat consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Peat Production in Hungary

In value terms, peat production fell to $X in 2022 estimated in export price. In general, production saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Peat production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Peat Exports

Exports from Hungary

In 2022, overseas shipments of peat decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports dropped to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value 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, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Bosnia and Herzegovina (X tons), Romania (X tons) and Serbia (X tons) were the main destinations of peat exports from Hungary, together accounting for X% of total exports. Italy, Slovenia, Slovakia, Kosovo and Croatia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Serbia ($X) and Slovenia ($X) were the largest markets for peat exported from Hungary worldwide, with a combined X% share of total exports. Bosnia and Herzegovina, Italy, Slovakia, Kosovo and Croatia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, increasing by X% against the previous year. Over the period under review, the export price recorded resilient growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kosovo ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Peat Imports

Imports into Hungary

In 2022, approx. X tons of peat were imported into Hungary; shrinking by X% compared with 2021. Over the period under review, imports saw a mild setback. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, peat imports reduced to $X in 2022. In general, imports, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Latvia (X tons) and Slovakia (X tons) were the main suppliers of peat imports to Hungary, with a combined X% share of total imports. Poland, Estonia, Lithuania, Ukraine, the Netherlands, Italy, Austria and the Czech Republic 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 Poland (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 Hungary were Latvia ($X), Germany ($X) and Slovakia ($X), together comprising X% of total imports. Estonia, Poland, Lithuania, the Netherlands, Italy, Austria, Ukraine and the Czech Republic lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, with an increase of X% against the previous year. Overall, import price indicated temperate 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 2019 indices. As a result, import price attained 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 the Netherlands ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :