Russian Federation: Peat Market 2024

Peat Market Size in the Russian Federation

The Russian peat market expanded slightly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Peat Production in the Russian Federation

In value terms, peat production dropped modestly to $X in 2022 estimated in export price. In general, production showed a noticeable slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Peat Exports

Exports from the Russian Federation

In 2022, after four years of growth, there was significant decline in overseas shipments of peat, when their volume decreased by X% to X tons. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, peat exports contracted rapidly to $X in 2022. In general, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Germany (X tons), Finland (X tons) and Poland (X tons) were the main destinations of peat exports from Russia, with a combined X% share of total exports. China, Kazakhstan, Slovakia, Japan, Belarus, the United States, Belgium, Denmark, Spain and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for peat exported from Russia were Germany ($X), China ($X) and Kazakhstan ($X), with a combined X% share of total exports. Finland, the United States, Denmark, Poland, Slovakia, Japan, Belarus, the Netherlands, Belgium and Spain lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Peat Imports

Imports into the Russian Federation

Peat imports into Russia totaled X tons in 2022, increasing by X% on the previous year's figure. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, peat imports totaled $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belarus (X tons) constituted the largest peat supplier to Russia, accounting for a X% share of total imports. Moreover, peat imports from Belarus exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fourfold. The third position in this ranking was taken by Estonia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Estonia (X% per year).

In value terms, Belarus ($X), Lithuania ($X) and Estonia ($X) constituted the largest peat suppliers to Russia, with a combined X% share of total imports.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average peat import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Finland ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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