Estonia: Peat Market 2022

Peat Market Size in Estonia

In 2021, the Estonian peat market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain the momentum.

Peat Production in Estonia

In value terms, peat production totaled $X in 2021 estimated in export prices. Over the period under review, the total production indicated a noticeable increase from 2007 to 2021: its value increased at an average annual rate of +X% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Peat production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain the momentum.

Peat Exports

Exports from Estonia

In 2021, approx. X tons of peat were exported from Estonia; with an increase of X% compared with the previous year. In general, exports saw measured growth. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, peat exports surged to $X in 2021. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% y-o-y. Exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for peat exports from Estonia, with a X% share of total exports. Moreover, peat exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), threefold. France (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and France (+X% per year).

In value terms, the Netherlands ($X), France ($X) and China ($X) constituted the largest markets for peat exported from Estonia worldwide, with a combined X% share of total exports.

China recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average peat export price amounted to $X per ton, dropping by -X% against the previous year. In general, export price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, peat export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Peat Imports

Imports into Estonia

In 2021, purchases abroad of peat increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. from 2014 to 2021, the growth imports remained at a lower figure.

In value terms, peat imports skyrocketed to $X in 2021. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Latvia (X tons), the Netherlands (X tons) and Belarus (X tons) were the main suppliers of peat imports to Estonia.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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

In terms of the main suppliers, the Netherlands (+X% per year) 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 more modest paces of growth.

Import Prices by Country

The average peat import price stood at $X per ton in 2020, surging by X% against the previous year. In general, the import price continues to indicate a slight expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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