U.S.: Peat Market 2022

Peat Market Size in the U.S.

The U.S. peat market surged to $X in 2021, picking up by X% against the previous year. In general, the total consumption indicated a buoyant expansion 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, consumption increased by +X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Peat Production in the U.S.

In value terms, peat production declined slightly to $X in 2021. Over the period under review, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Peat Exports

Exports from the U.S.

In 2021, overseas shipments of peat decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, peat exports declined to $X in 2021. Over the period under review, exports, however, showed resilient growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020, and then fell in the following year.

Exports by Country

Mexico (X tons), Canada (X tons) and South Africa (X tons) were the main destinations of peat exports from the United States, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +X%), while the other leaders experienced a decline.

In value terms, Canada ($X), Mexico ($X) and South Africa ($X) appeared to be the largest markets for peat exported from the United States worldwide, together comprising X% of total exports.

South Africa, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average peat export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to South Africa ($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 Canada (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Peat Imports

Imports into the U.S.

Peat imports into the United States surged to X tons in 2021, growing by X% on the year before. Over the period under review, total imports indicated a strong expansion 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 pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, peat imports soared to $X in 2021. In general, total imports 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, imports increased by +X% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) was the main supplier of peat to the United States, accounting for a X% share of total imports. It was followed by Latvia (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled +X%.

In value terms, Canada ($X) constituted the largest supplier of peat to the United States, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled +X%.

Import Prices by Country

The average peat import price stood at $X per ton in 2021, with an increase of 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 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Latvia ($X per ton), while the price for Canada amounted to $X per ton.

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

Source: IndexBox Platform

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