Slovakia: Articles Of Peat Market 2024

Articles Of Peat Market Size in Slovakia

The Slovak articles of peat market fell to $X in 2022, waning by -8.5% against the previous year. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +10.2% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Articles Of Peat Production in Slovakia

In value terms, articles of peat production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +10.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 38%. Articles of peat production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Articles Of Peat Exports

Exports from Slovakia

In 2022, the amount of articles of peat exported from Slovakia reduced notably to X kg, dropping by -99.8% compared with 2021. Over the period under review, exports saw a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 23,000%. 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 shrank dramatically to $X in 2022. In general, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 43,450% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; afterwards, it flattened through to 2022.

Exports by Country

Poland (X kg) was the main destination for articles of peat exports from Slovakia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at -80.0%.

In value terms, Poland ($X) emerged as the key foreign market for articles of peat exports from Slovakia.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to -70.0%.

Export Prices by Country

The average articles of peat export price stood at $X per ton in 2022, surging by 36% against the previous year. Overall, the export price saw prominent growth. The growth pace was the most rapid in 2020 an increase of 192% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +50.3% per year.

Articles Of Peat Imports

Imports into Slovakia

After two years of growth, purchases abroad of articles of peat decreased by -29.3% to X tons in 2022. In general, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 277% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, articles of peat imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest articles of peat supplier to Slovakia, accounting for a 67% share of total imports. Moreover, articles of peat imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was taken by Norway (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled +197.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.2% per year) and Norway (+1.3% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of articles of peat to Slovakia, comprising 62% of total imports. The second position in the ranking was taken by Norway ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic stood at +189.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+7.3% per year) and the Netherlands (+20.5% per year).

Import Prices by Country

The average articles of peat import price stood at $X per ton in 2022, with an increase of 257% against the previous year. Over the period under review, the import price saw prominent growth. The growth pace was the most rapid in 2018 an increase of 769% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+340.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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