Ireland: Articles Of Peat Market 2024

Articles Of Peat Market Size in Ireland

The Irish articles of peat market shrank to $X in 2022, dropping by -6.1% against the previous year. Overall, consumption continues to indicate a perceptible decline. Articles of peat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Articles Of Peat Production in Ireland

In value terms, articles of peat production declined to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Articles Of Peat Exports

Exports from Ireland

For the fourth consecutive year, Ireland recorded decline in overseas shipments of articles of peat, which decreased by 0% to X tons in 2022. In general, exports faced a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 16,703% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, articles of peat exports stood at $X in 2022. Over the period under review, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 27,564% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X kg) was the main destination for articles of peat exports from Ireland, with a 53% share of total exports. Moreover, articles of peat exports to Poland exceeded the volume sent to the second major destination, the United States (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.2% per year) and the UK (-8.0% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+19.5% per year) and the UK (+0.2% per year).

Export Prices by Country

In 2022, the average articles of peat export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price saw a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 467% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+169.8%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Peat Imports

Imports into Ireland

In 2022, approx. X tons of articles of peat were imported into Ireland; flattening at 2021. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 141%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, articles of peat imports totaled $X in 2022. Overall, imports showed a temperate expansion. The pace of growth was the most pronounced in 2020 when imports increased by 1,035%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) was the main articles of peat supplier to Ireland, accounting for a 91% share of total imports. Moreover, articles of peat imports from the UK exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was held by Australia (X kg), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and Australia (0.0% per year).

In value terms, the UK ($X), Australia ($X) and Malaysia ($X) constituted the largest articles of peat suppliers to Ireland, with a combined 94% share of total imports.

The UK, with a CAGR of +24.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average articles of peat import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a significant expansion. The growth pace was the most rapid in 2020 an increase of 371% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the UK ($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 (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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