Global Peat Market 2022

Peat Market Size

The global peat market reached $X in 2021, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the global market remained at a lower figure.

Peat Production

In value terms, peat production rose slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. 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 2021, global production growth remained at a somewhat lower figure.

Peat Exports

Exports

In 2021, global peat exports rose markedly to X tons, growing by X% on 2020. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the global exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, peat exports reached $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the global exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the seven major exporters of peat, namely Latvia, Germany, Canada, Estonia, the Netherlands, Ireland and Lithuania, represented more than two-thirds of total export. Turkmenistan (X tons), Belgium (X tons), Belarus (X tons), Russia (X tons), Sweden (X tons) and Finland (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest peat supplying countries worldwide were Canada ($X), Latvia ($X) and the Netherlands ($X), with a combined X% share of global exports. Germany, Turkmenistan, Estonia, Lithuania, Ireland, Belgium, Russia, Sweden, Finland and Belarus lagged somewhat behind, together comprising a further X terms of the main exporting countries, Russia, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average peat export price stood at $X per ton in 2021, leveling off at the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkmenistan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the other global leaders experienced more modest paces of growth.

Peat Imports

Imports

Global peat imports totaled X tons in 2021, surging by X% against 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. Global imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, peat imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. Over the period under review, global imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons), the United States (X tons), Afghanistan (X tons), Germany (X tons), the UK (X tons), Italy (X tons), France (X tons), Belgium (X tons), Poland (X tons), China (X tons) and Spain (X tons) was the major importer of peat in the world, constituting X% of total import.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest peat importing markets worldwide were Afghanistan ($X), the United States ($X) and the Netherlands ($X), together accounting for X% of global imports. Germany, France, Italy, China, the UK, Spain, Belgium and Poland lagged somewhat behind, together comprising a further X the main importing countries, China, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average peat import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Afghanistan ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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