Europe: Articles Of Peat Market 2024

Articles Of Peat Market Size in Europe

The Europe articles of peat market expanded to $X in 2022, increasing by 2.2% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Articles Of Peat Production in Europe

In value terms, articles of peat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Articles Of Peat Exports

Exports in Europe

In 2022, shipments abroad of articles of peat increased by 20% to X tons, rising for the seventh consecutive year after three years of decline. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 40% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, articles of peat exports skyrocketed to $X in 2022. Overall, exports posted perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Latvia dominates exports structure, reaching X tons, which was near 60% of total exports in 2022. The Czech Republic (X tons) took an 8.1% share (based on physical terms) of total exports, which put it in second place, followed by Poland (6.5%), the Netherlands (5.6%) and Denmark (4.6%). The following exporters - Sweden (X tons) and Norway (X tons) - each finished at an 8.8% share of total exports.

Latvia was also the fastest-growing in terms of the articles of peat exports, with a CAGR of +78.4% from 2012 to 2022. At the same time, Sweden (+50.2%), the Netherlands (+45.9%) and Poland (+3.5%) displayed positive paces of growth. Norway experienced a relatively flat trend pattern. By contrast, Denmark (-1.3%) and the Czech Republic (-4.0%) illustrated a downward trend over the same period. While the share of Latvia (+60 p.p.), the Netherlands (+5.3 p.p.) and Sweden (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (-2.8 p.p.), Norway (-5.1 p.p.), Denmark (-5.9 p.p.) and the Czech Republic (-16.4 p.p.) displayed negative dynamics.

In value terms, Denmark ($X), the Netherlands ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2022, with a combined 43% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +48.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, reducing by -1.6% against the previous year. In general, the export price showed a noticeable decrease. The growth pace was the most rapid in 2014 when the export price increased by 16%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the other leaders experienced more modest paces of growth.

Articles Of Peat Imports

Imports in Europe

For the third year in a row, Europe recorded growth in overseas purchases of articles of peat, which increased by 0.7% to X tons in 2022. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 21%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, articles of peat imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain represented the major importing country with an import of about X tons, which finished at 40% of total imports. Germany (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (7.4%) and Denmark (5.9%). Lithuania (X tons), the UK (X tons), Sweden (X tons), Austria (X tons), Romania (X tons), Portugal (X tons), Latvia (X tons) and Russia (X tons) held a relatively small share of total imports.

Imports into Spain increased at an average annual rate of +14.6% from 2012 to 2022. At the same time, Latvia (+32.8%), Lithuania (+29.6%), Portugal (+11.9%) and Romania (+2.0%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Europe, with a CAGR of +32.8% from 2012-2022. By contrast, Austria (-4.1%), Germany (-4.5%), Denmark (-4.8%), Sweden (-5.7%), Russia (-5.8%), the Czech Republic (-7.5%) and the UK (-22.0%) illustrated a downward trend over the same period. Spain (+34 p.p.), Lithuania (+3.7 p.p.), Latvia (+1.9 p.p.) and Portugal (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic and the UK saw its share reduced by -2.1% and -16.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest articles of peat importing markets in Europe were the UK ($X), Denmark ($X) and Germany ($X), together comprising 33% of total imports. Spain, Russia, Lithuania, Sweden, the Czech Republic, Portugal, Austria, Latvia and Romania lagged somewhat behind, together comprising a further 27%.

Latvia, with a CAGR of +18.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, picking up by 41% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+29.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform