Ireland: Peat Market 2024

Peat Market Size in Ireland

In 2022, after three years of decline, there was significant growth in the Irish peat market, when its value increased by X% to $X. Over the period under review, consumption, however, recorded a perceptible decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Peat Production in Ireland

In value terms, peat production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible decline. 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 Ireland

In 2022, overseas shipments of peat decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, peat exports declined dramatically to $X in 2022. In general, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

The UK (X tons) was the main destination for peat exports from Ireland, with a X% share of total exports. Moreover, peat exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. The third position in this ranking was taken by Israel (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Israel (X% per year).

In value terms, the UK ($X) remains the key foreign market for peat exports from Ireland, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Israel (X% per year).

Export Prices by Country

The average peat export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Peat Imports

Imports into Ireland

After three years of growth, overseas purchases of peat decreased by X% to X tons in 2022. Overall, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, peat imports dropped notably to $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest peat supplier to Ireland, with a X% share of total imports. Moreover, peat imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the UK ($X) constituted the largest supplier of peat to Ireland, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average peat import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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