Report Update Nov 1, 2024

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

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Belarus: Peat Market 2022

Peat Market Size in Belarus

After four years of growth, the Belarusian peat market decreased by -17.7% to $X in 2021. In general, consumption continues to indicate a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Peat Production in Belarus

In value terms, peat production fell to $X in 2021 estimated in export price. In general, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 63%. Peat production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Peat Exports

Exports from Belarus

After two years of decline, shipments abroad of peat increased by 49% to X tons in 2021. Overall, exports, however, recorded a perceptible slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, peat exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 40% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for peat exports from Belarus, with a 38% share of total exports. Moreover, peat exports to Finland exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was taken by Lithuania (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+2.6% per year) and Lithuania (-8.2% per year).

In value terms, Finland ($X), Poland ($X) and the Czech Republic ($X) were the largest markets for peat exported from Belarus worldwide, together comprising 64% of total exports. Lithuania, Russia, Sweden, Ukraine, Turkey and Germany lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, Ukraine, with a CAGR of +31.5%, saw the highest rates of growth with regard to 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

In 2021, the average peat export price amounted to $X per ton, declining by -10.7% against the previous year. Over the period under review, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 an increase of 17%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Sweden ($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 Turkey (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Peat Imports

Imports into Belarus

In 2021, purchases abroad of peat decreased by -13.4% to X tons for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 38%. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, peat imports declined to $X in 2021. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 42%. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

Poland (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of peat imports to Belarus, with a combined 95% share of total imports.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +33.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peat suppliers to Belarus were Russia ($X), Poland ($X) and Latvia ($X), together accounting for 95% of total imports.

Russia, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average peat import price stood at $X per ton in 2021, picking up by 4.8% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 16%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peat in the world?

Finland remains the largest peat consuming country worldwide, accounting for 36% of total volume. Moreover, peat consumption in Finland exceeded the figures recorded by the second-largest consumer, Sweden, sixfold. The third position in this ranking was occupied by the United States, with a 6.1% share.

What are the largest producers of peat in the world?

Finland constituted the country with the largest volume of peat production, comprising approx. 36% of total volume. Moreover, peat production in Finland exceeded the figures recorded by the second-largest producer, Sweden, fivefold. The third position in this ranking was occupied by Germany, with a 7% share.

What are the leading suppliers of peat to Belarus?

In value terms, Poland constituted the largest supplier of peat to Belarus, comprising 62% of total imports. The second position in the ranking was occupied by Russia, with a 22% share of total imports.

What are the leading importers of peat from Belarus?

In value terms, the largest markets for peat exported from Belarus were Lithuania, Russia and the Czech Republic, with a combined 44% share of total exports. Poland, Sweden, Italy and Ukraine lagged somewhat behind, together accounting for a further 37%.

What is the average export price for peat in Belarus?

The average peat export price stood at $59 per ton in 2021, waning by -10.2% against the previous year.

What is the average import price for peat in Belarus?

The average peat import price stood at $76 per ton in 2021, surging by 4.6% against the previous year.

This report provides an in-depth analysis of the peat market in Belarus. 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:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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
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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023