Europe: Peat Market 2024

Peat Market Size in Europe

The Europe peat market reduced modestly to $X in 2023, shrinking by X% against the previous year. In general, consumption, however, showed a slight contraction. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Peat Production in Europe

In value terms, peat production shrank slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Peat Exports

Exports in Europe

In 2023, overseas shipments of peat decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, peat exports reduced to $X in 2023. Total exports indicated temperate growth from 2012 to 2023: its value 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. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped in the following year.

Exports by Country

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

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In terms of 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 Europe stood at $X per ton in 2023, growing 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 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to continue growth in the immediate term.

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

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

Peat Imports

Imports in Europe

In 2023, overseas purchases of peat decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a slight slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, peat imports dropped to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, the Netherlands (X tons), distantly followed by Germany (X tons), Italy (X tons), France (X tons), Belgium (X tons) and Poland (X tons) represented the largest importers of peat, together creating X% of total imports. The following importers - Spain (X tons), the UK (X tons), Lithuania (X tons), the Czech Republic (X tons) and Latvia (X tons) - together made up X% of total imports.

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

In value terms, the Netherlands ($X) constitutes the largest market for imported peat in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

In the Netherlands, peat imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, rising by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2023: its price 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, peat import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform