Belgium: Articles Of Peat Market 2024

Articles Of Peat Market Size in Belgium

The Belgian articles of peat market rose to $X in 2022, picking up by 2.5% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Articles of peat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Articles Of Peat Production in Belgium

In value terms, articles of peat production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Articles Of Peat Exports

Exports from Belgium

In 2022, approx. X tons of articles of peat were exported from Belgium; with a decrease of -72.6% on the year before. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 1,132%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, articles of peat exports reduced dramatically to $X in 2022. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 1,104%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for articles of peat exports from Belgium, accounting for a 89% share of total exports. Moreover, articles of peat exports to Israel exceeded the volume sent to the second major destination, India (X kg), more than tenfold. The third position in this ranking was held by Luxembourg (X kg), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Luxembourg (-10.1% per year).

In value terms, Israel ($X) remains the key foreign market for articles of peat exports from Belgium, comprising 62% of total exports. The second position in the ranking was taken by India ($X), with a 30% share of total exports. It was followed by Luxembourg, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value to Israel stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Luxembourg (-5.4% per year).

Export Prices by Country

In 2022, the average articles of peat export price amounted to $X per ton, surging by 32% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 50%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Luxembourg ($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 the United Arab Emirates (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Peat Imports

Imports into Belgium

In 2022, the amount of articles of peat imported into Belgium soared to X tons, jumping by 157% against 2021. Overall, imports, however, saw a slight downturn. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of peat imports reduced notably to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 93%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X tons) constituted the largest articles of peat supplier to Belgium, with a 79% share of total imports. Moreover, articles of peat imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.7% per year) and Germany (-27.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of articles of peat to Belgium, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-20.1% per year) and Sweden (0.0% per year).

Import Prices by Country

In 2022, the average articles of peat import price amounted to $X per ton, dropping by -70.8% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 88%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.4%).

Source: IndexBox Platform

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