Russian Federation: Peat Market 2022

Peat Market Size in the Russian Federation

After two years of growth, the Russian peat market decreased by -15% to $X in 2021. Over the period under review, consumption saw a deep slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Peat Production in the Russian Federation

In value terms, peat production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Peat Exports

Exports from the Russian Federation

Peat exports from Russia surged to X tons in 2021, jumping by 32% compared with the previous year's figure. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 55% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, peat exports surged to $X in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 48%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons), Poland (X tons) and South Korea (X tons) were the main destinations of peat exports from Russia, together accounting for 51% of total exports. These countries were followed by China, Slovakia, Finland, Kazakhstan, Japan, the Netherlands, Belgium, Latvia and Lithuania, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +425.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peat exported from Russia were Germany ($X), China ($X) and Poland ($X), with a combined 47% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +299.5%, saw the highest rates of growth with regard to 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 peat export price stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 15%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Peat Imports

Imports into the Russian Federation

Peat imports into Russia dropped sharply to X tons in 2021, which is down by -21.9% on 2020. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 191%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted dramatically in the following year.

In value terms, peat imports dropped remarkably to $X in 2021. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 114%. Over the period under review, imports hit record highs at $X in 2020, and then declined remarkably in the following year.

Imports by Country

In 2021, Belarus (X tons) constituted the largest supplier of peat to Russia, accounting for a 73% share of total imports. Moreover, peat imports from Belarus exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was held by Estonia (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Belarus stood at +70.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+100.2% per year) and Estonia (+5.5% per year).

In value terms, Belarus ($X) constituted the largest supplier of peat to Russia, comprising 49% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by Lithuania, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Belarus amounted to +69.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+72.6% per year) and Lithuania (+3.8% per year).

Import Prices by Country

In 2021, the average peat import price amounted to $X per ton, increasing by 3.6% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 13%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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