Estonia: Articles Of Peat Market 2024

Articles Of Peat Market Size in Estonia

The Estonian articles of peat market expanded remarkably to $X in 2022, increasing by 5.7% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Articles Of Peat Production in Estonia

In value terms, articles of peat production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Articles Of Peat Exports

Exports from Estonia

Articles of peat exports from Estonia declined significantly to X tons in 2022, shrinking by -58.7% compared with 2021 figures. In general, exports recorded a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 88%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, articles of peat exports dropped significantly to $X in 2022. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 105%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for articles of peat exports from Estonia, accounting for a 100% share of total exports. It was followed by Finland (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled -6.6%.

In value terms, Sweden ($X) remains the key foreign market for articles of peat exports from Estonia, comprising 95% of total exports. The second position in the ranking was taken by Finland ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled -9.7%.

Export Prices by Country

In 2022, the average articles of peat export price amounted to $X per ton, falling by -5.9% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (-0.4%), while the prices for the other major destinations experienced a decline.

Articles Of Peat Imports

Imports into Estonia

For the third consecutive year, Estonia recorded growth in supplies from abroad of articles of peat, which increased by 4.2% to X tons in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 760% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, articles of peat imports reduced remarkably to $X in 2022. In general, imports saw notable growth. The pace of growth was the most pronounced in 2013 when imports increased by 174%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Latvia (X tons) constituted the largest supplier of articles of peat to Estonia, with a 76% share of total imports. Moreover, articles of peat imports from Latvia exceeded the figures recorded by the second-largest supplier, Finland (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+46.7% per year) and China (+9.6% per year).

In value terms, the largest articles of peat suppliers to Estonia were China ($X), Finland ($X) and Latvia ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of +21.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average articles of peat import price amounted to $X per ton, waning by -26.2% against the previous year. Over the period under review, the import price faced a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of 164% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform