Slovakia: Peat Market 2024

Peat Market Size in Slovakia

In 2022, the Slovak peat market increased by X% to $X, rising for the third year in a row after three years of decline. Overall, the total consumption indicated a tangible expansion 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Peat Exports

Exports from Slovakia

In 2022, shipments abroad of peat decreased by X% to X tons, falling for the second year in a row after five years of growth. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports soared to $X in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for peat exports from Slovakia, accounting for a X% share of total exports. Moreover, peat exports to Hungary exceeded the volume sent to the second major destination, Romania (X tons), sixfold.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Serbia (X% per year).

Export Prices by Country

In 2022, the average peat export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Hungary ($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 Hungary (X%), while the prices for the other major destinations experienced a decline.

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Peat Imports

Imports into Slovakia

In 2022, approx. X tons of peat were imported into Slovakia; with a decrease of X% compared with 2021. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, peat imports rose remarkably to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Russia (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of peat to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by Belarus, with an X% share.

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

Import Prices by Country

The average peat import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated resilient 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 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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