Romania: Peat Market 2024

Peat Market Size in Romania

For the third year in a row, the Romanian peat market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a buoyant increase. Peat consumption peaked in 2022 and is expected to retain growth in the near future.

Peat Production in Romania

In value terms, peat production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Peat production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Peat Exports

Exports from Romania

In 2022, the amount of peat exported from Romania skyrocketed to X tons, surging by X% compared with the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, peat exports skyrocketed to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Moldova (X tons) was the main destination for peat exports from Romania, with a X% share of total exports. Moreover, peat exports to Moldova exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Moldova was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Hungary (X% per year).

In value terms, Moldova ($X) remains the key foreign market for peat exports from Romania, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Moldova amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Hungary (X% per year).

Export Prices by Country

The average peat export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Moldova ($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 North Macedonia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Peat Imports

Imports into Romania

In 2022, approx. X tons of peat were imported into Romania; surging by X% on 2021. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, peat imports soared to $X in 2022. In general, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Lithuania (X tons), Estonia (X tons) and Latvia (X tons) were the main suppliers of peat imports to Romania, together comprising X% of total imports. Hungary, Germany, Belarus, Denmark, Slovakia, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest peat suppliers to Romania were Latvia ($X), Lithuania ($X) and Estonia ($X), with a combined X% share of total imports. Germany, Hungary, Belarus, Denmark, Slovakia, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Belarus, with a CAGR of X%, recorded 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

The average peat import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, import price indicated a temperate increase 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 2015 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 the Netherlands ($X per ton), while the price for Estonia ($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

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