Russian Federation: Articles Of Peat Market 2024

Articles Of Peat Market Size in the Russian Federation

The Russian articles of peat market dropped to $X in 2022, waning by -1.6% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Articles of peat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Articles Of Peat Production in the Russian Federation

In value terms, articles of peat production fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 18% against the previous year. Articles of peat production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Articles Of Peat Exports

Exports from the Russian Federation

In 2022, shipments abroad of articles of peat increased by 5.7% to X tons, rising for the third year in a row after two years of decline. In general, exports showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 413%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of peat exports rose significantly to $X in 2022. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 400% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for articles of peat exports from Russia, accounting for a 78% share of total exports. Moreover, articles of peat exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan amounted to +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+7.9% per year) and Ukraine (+67.2% per year).

In value terms, the largest markets for articles of peat exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), with a combined 98% share of total exports.

Among the main countries of destination, Ukraine, with a CAGR of +34.8%, 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 average articles of peat export price stood at $X per ton in 2022, surging by 4.1% against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Kazakhstan ($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 Lithuania (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Articles Of Peat Imports

Imports into the Russian Federation

In 2022, approx. X tons of articles of peat were imported into Russia; with a decrease of -4.2% compared with the previous year. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2016 when imports increased by 73%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, articles of peat imports contracted slightly to $X in 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 88% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest articles of peat supplier to Russia, accounting for a 70% share of total imports. Moreover, articles of peat imports from Norway exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+44.1% per year) and Germany (-11.4% per year).

In value terms, Norway ($X) constituted the largest supplier of articles of peat to Russia, comprising 94% of total imports. The second position in the ranking was taken by Belarus ($X), with a 3.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Norway amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+40.0% per year) and Germany (-16.0% per year).

Import Prices by Country

In 2022, the average articles of peat import price amounted to $X per ton, picking up by 3.7% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belarus ($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 (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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