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EU - Peat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

EU - Peat - Market Analysis, Forecast, Size, Trends and Insights

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Apr 29, 2021

The European Peat Market to Languish Due to New Eco Regulation

IndexBox has just published a new report: 'EU - Peat - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The European peat market is entering a downward trend against the targeted regulation strategy to cut peat output and consumption. The EU is committed to protecting the peat deposits, as they naturally absorb greenhouse gases. Alternatives to peat are increasingly being used in agriculture and other areas, such as energy and wastewater treatment.

Key Trends and Insights

Europe remains committed to reducing peat consumption in a bid to protect natural peat deposits. These deposits are believed to absorb carbon dioxide from the air, contributing to the reduction of greenhouse gases. Projects are now underway in Ireland and Sweden to restore the peatlands.

According to USGS data, in 2020, peat production fell in Finland to 8.4M tons (-15.3% y-o-y), in Germany to 2.3M tons (-4.8% y-o-y), in Latvia to 1.5M tons (-13.6%), in Poland to 0.7M tons (-19.5% y-o-y), and in Sweden to 1.8M tons (-16.7% y-o-y).

Output increased only in Ireland, to 2.8M tons (+15.6%) and in Estonia, to 0.9M tons (+1.1%). Ireland also intends to curtail peat production, following the country's shift towards alternative sources of energy, ceasing peat extraction by 2028. Finland has also set similar targets for transferring to alternative energy, but approx. 40% of the country's energy consumption is still generated by peat and other fossil fuels. Finland intends to reduce greenhouse gas emissions to zero by 2035, implying a shift away from peat in the energy sector.

Such a negative trend in terms of peat production is now evident worldwide. According to preliminary estimates, global peat output in 2020 amounted to 29M tons, against 33M tons in 2019. This trend is to continue in the medium term against rising environmental concerns.

In the period to 2030, the European peat market is forecast to decline to 20M tons (IndexBox estimates). Compost made from wood, coconut fibre, deciduous plants, coniferous species and moss is set to replace the use of peat in the agriculture sector. Geotextiles, sand and polyurethane foam filters can act as filtering materials and as an alternative to peat in wastewater treatment.

Peat Consumption by Country

Finland remains the largest peat consumer in the EU, accounting for approx. 50% of the total volume. Moreover, peat consumption in Finland exceeds the figures recorded by the second-largest consumer, Germany, fivefold. The third position in this ranking is occupied by Sweden, with a 10% share.

In value terms, the largest peat markets in the European Union are Finland ($217M), Ireland ($194M) and Germany ($190M), with a combined 45% share of the total market. These countries are followed by Sweden, France, the Netherlands and Poland, which together account for a further 26%.

The highest levels of peat per capita consumption are registered in Finland (1,700 kg per person), followed by Ireland (354 kg per person), Sweden (194 kg per person) and the Netherlands (66 kg per person), while the average per capita consumption of peat in the EU is estimated at 47 kg per person.

Peat Imports and Exports

After two years of growth, overseas purchases of peat decreased by -10.3% to 6.1M tons in 2019. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 9.2% year-to-year. Over the period under review, imports hit record highs at 6.8M tons in 2018 and then declined in the following year. In value terms, peat imports dropped to $649M in 2019.

In 2019, the Netherlands (1.8M tons), distantly followed by Germany (1,002K tons), France (641K tons), Belgium (541K tons) and Italy (383K tons) represented the major importers of peat, together making up 71% of total imports. Poland (270K tons), Spain (202K tons), Lithuania (185K tons), the Czech Republic (170K tons), Austria (122K tons) and Hungary (99K tons) held a little share of total imports.

In value terms, the largest peat importing markets in the European Union were the Netherlands ($125M), France ($100M) and Germany ($93M), with a combined 49% share of the total imports. Italy, Belgium, Spain, Poland, Lithuania, the Czech Republic, Austria and Hungary lagged somewhat behind, together accounting for a further 36%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the peat market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Production in the EU, split by region and country
    • Trade (exports and imports) in the EU
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • Austria
      • Belgium
      • Bulgaria
      • Croatia
      • Cyprus
      • Czech Republic
      • Denmark
      • Estonia
      • Finland
      • France
      • Germany
      • Greece
      • Hungary
      • Ireland
      • Italy
      • Latvia
      • Lithuania
      • Luxembourg
      • Malta
      • Netherlands
      • Poland
      • Portugal
      • Romania
      • Slovakia
      • Slovenia
      • Spain
      • Sweden

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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