Austria: Peat Market 2022

Peat Market Size in Austria

The Austrian peat market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Peat Production in Austria

In value terms, peat production plummeted to $X in 2021 estimated in export price. Overall, production showed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 132%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Peat Exports

Exports from Austria

In 2021, the amount of peat exported from Austria expanded significantly to X tons, with an increase of 7.2% against the previous year's figure. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 160% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, peat exports rose markedly to $X in 2021. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 65% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Slovenia (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of peat exports from Austria, together comprising 92% of total exports.

From 2012 to 2021, the biggest increases were in Slovenia (with a CAGR of +82.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for peat exports from Austria, comprising 66% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 21% share of total exports. It was followed by Slovenia, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-0.2% per year) and Slovenia (+61.7% per year).

Export Prices by Country

In 2021, the average peat export price amounted to $X per ton, growing by 6.3% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 133%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Peat Imports

Imports into Austria

In 2021, supplies from abroad of peat was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 39%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, peat imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 39%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of peat to Austria, with a 59% share of total imports. Moreover, peat imports from Germany exceeded the figures recorded by the second-largest supplier, Latvia (X tons), fourfold. The third position in this ranking was held by the Czech Republic (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+9.2% per year) and the Czech Republic (-0.4% per year).

In value terms, Germany ($X) constituted the largest supplier of peat to Austria, comprising 59% of total imports. The second position in the ranking was held by Latvia ($X), with a 16% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+8.9% per year) and the Czech Republic (+2.4% per year).

Import Prices by Country

In 2021, the average peat import price amounted to $X per ton, increasing by 2.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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