Canada: Peat Market 2022

Peat Market Size in Canada

In 2021, the Canadian peat market decreased by -X% to $X, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a deep downturn. Peat consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Peat Production in Canada

In value terms, peat production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Peat production peaked at $X in 2020, and then fell modestly in the following year.

Peat Exports

Exports from Canada

In 2021, approx. X tons of peat were exported from Canada; surging by X% compared with the previous year. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, peat exports amounted to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2012 indices. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for peat exports from Canada, accounting for a X% share of total exports. It was followed by Japan (X tons), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%.

In value terms, the United States ($X) remains the key foreign market for peat exports from Canada, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +X%.

Export Prices by Country

The average peat export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%).

Peat Imports

Imports into Canada

After two years of growth, supplies from abroad of peat decreased by -X% to X tons in 2021. Overall, imports, however, posted a mild increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, peat imports fell markedly to $X in 2021. In general, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2020, and then reduced markedly in the following year.

Imports by Country

In 2021, the United States (X tons) was the main supplier of peat to Canada, with a X% share of total imports. Moreover, peat imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Ireland (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Ireland (+X% per year).

Import Prices by Country

In 2021, the average peat import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a strong expansion. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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