Northern America: Peat Market 2022

Peat Market Size in Northern America

The North American peat market surged to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Peat Production in Northern America

In value terms, peat production dropped slightly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Peat Exports

Exports in Northern America

In 2021, the amount of peat exported in Northern America reached X tons, picking up by X% compared with 2020 figures. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, peat exports rose to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value 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 increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Canada prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2021. The United States (X tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the peat exports, with a CAGR of +X% from 2012 to 2021. the United States (-X%) illustrated a downward trend over the same period. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Canada ($X) remains the largest peat supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

In Canada, peat exports expanded at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Peat Imports

Imports in Northern America

In 2021, approx. X tons of peat were imported in Northern America; rising by X% against the previous year. Total imports indicated a remarkable increase 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 increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, peat imports surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons) represented roughly X% of total imports in 2021.

The United States was also the fastest-growing in terms of the peat imports, with a CAGR of +X% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported peat in Northern America.

In the United States, peat imports expanded at an average annual rate of +X% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 an increase of X%. The level of import peaked in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Source: IndexBox Platform

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