Eastern Europe: Peat Market 2024

Peat Market Size in Eastern Europe

The East European peat market reduced modestly to $X in 2023, declining by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Peat Production in Eastern Europe

In value terms, peat production fell modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then fell modestly in the following year.

Peat Exports

Exports in Eastern Europe

In 2023, shipments abroad of peat decreased by X% to X tons, falling for the second year in a row after two years of growth. Total exports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, peat exports shrank to $X in 2023. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then shrank in the following year.

Exports by Country

Latvia (X tons), Estonia (X tons) and Lithuania (X tons) represented roughly X% of total exports in 2023. Belarus (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%).

From 2012 to 2023, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and Lithuania ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Russia and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Russia, with a CAGR of X%, recorded the highest growth rate of 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

The export price in Eastern Europe stood at $X per ton in 2023, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined modestly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the other leaders experienced more modest paces of growth.

Peat Imports

Imports in Eastern Europe

After two years of growth, overseas purchases of peat decreased by X% to X tons in 2023. In general, imports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then fell sharply in the following year.

In value terms, peat imports declined dramatically to $X in 2023. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then declined dramatically in the following year.

Imports by Country

In 2023, Poland (X tons), distantly followed by Lithuania (X tons), the Czech Republic (X tons), Latvia (X tons), Romania (X tons) and Slovakia (X tons) represented the largest importers of peat, together committing X% of total imports. Hungary (X tons) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest peat importing markets in Eastern Europe were Poland ($X), Lithuania ($X) and the Czech Republic ($X), with a combined X% share of total imports. Romania, Latvia, Slovakia and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Latvia, 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform