Serbia: Articles Of Peat Market 2024

Articles Of Peat Market Size in Serbia

The Serbian articles of peat market reduced to $X in 2022, dropping by -8.5% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.3% against 2020 indices. Articles of peat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Articles Of Peat Production in Serbia

In value terms, articles of peat production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Articles Of Peat Exports

Exports from Serbia

In 2022, overseas shipments of articles of peat increased by 23% to X kg, rising for the fifth year in a row after four years of decline. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 400%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, articles of peat exports amounted to $X in 2022. In general, exports posted a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 302%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Montenegro (X kg) and Germany (X kg) were the main destinations of articles of peat exports from Serbia.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +2.4%).

In value terms, Montenegro ($X) emerged as the key foreign market for articles of peat exports from Serbia, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Montenegro stood at +6.3%.

Export Prices by Country

The average articles of peat export price stood at $X per ton in 2022, declining by -18.1% against the previous year. Overall, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average 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 Montenegro ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+3.8%).

Articles Of Peat Imports

Imports into Serbia

In 2022, articles of peat imports into Serbia soared to X kg, picking up by 123% compared with the previous year's figure. In general, imports recorded a perceptible increase. The pace of growth appeared the most rapid in 2017 with an increase of 381%. Over the period under review, imports attained the maximum at X kg in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, articles of peat imports totaled $X in 2022. Overall, imports, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2019 with an increase of 522% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Denmark (X kg) constituted the largest articles of peat supplier to Serbia, with a 77% share of total imports. Moreover, articles of peat imports from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), eightfold. The third position in this ranking was taken by France (X kg), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+49.6% per year) and France (+31.5% per year).

In value terms, Denmark ($X), the Netherlands ($X) and France ($X) appeared to be the largest articles of peat suppliers to Serbia, together comprising 89% of total imports.

France, with a CAGR of +40.1%, 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

In 2022, the average articles of peat import price amounted to $X per ton, waning by -50.5% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 101%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform