Czech Republic: Peat Market 2022

Peat Market Size in the Czech Republic

The Czech peat market stood at $X in 2021, increasing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Peat Production in the Czech Republic

In value terms, peat production contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Peat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Peat Exports

Exports from the Czech Republic

In 2021, peat exports from the Czech Republic contracted to X tons, waning by -X% compared with 2020 figures. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume 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 decreased by -X% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peat exports rose significantly to $X in 2021. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for peat exports from the Czech Republic, accounting for a X% share of total exports. Moreover, peat exports to Slovakia exceeded the volume sent to the second major destination, Austria (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Hungary (+X% per year).

In value terms, Slovakia ($X) remains the key foreign market for peat exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Slovakia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Hungary (+X% per year).

Export Prices by Country

The average peat export price stood at $X per ton in 2021, rising by X% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price 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, peat export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Hungary ($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 Slovakia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Peat Imports

Imports into the Czech Republic

For the third consecutive year, the Czech Republic recorded decline in supplies from abroad of peat, which decreased by -X% to X tons in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, peat imports rose markedly to $X in 2021. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Latvia (X tons), Belarus (X tons) and Germany (X tons) were the main suppliers of peat imports to the Czech Republic, together accounting for X% of total imports. Lithuania, Estonia and Slovakia lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peat suppliers to the Czech Republic were Latvia ($X), Germany ($X) and Belarus ($X), together accounting for X% of total imports. Lithuania, Slovakia and Estonia lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the average peat import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2021: its price 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, peat import price decreased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovakia ($X per ton), while the price for Lithuania ($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 (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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