Ukraine: Peat Market 2022

Peat Market Size in Ukraine

In 2021, the Ukrainian peat market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a noticeable curtailment. Peat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Peat Production in Ukraine

In value terms, peat production expanded modestly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Peat Exports

Exports from Ukraine

In 2021, overseas shipments of peat increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a deep downturn. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, peat exports surged to $X in 2021. In general, exports, however, faced a abrupt downturn. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X tons) was the main destination for peat exports from Ukraine, with a X% share of total exports. Moreover, peat exports to Moldova exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. The third position in this ranking was held by Romania (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Moldova totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Romania (+X% per year).

In value terms, Moldova ($X), Bulgaria ($X) and Romania ($X) appeared to be the largest markets for peat exported from Ukraine worldwide, together accounting for X% of total exports. The United Arab Emirates, Slovakia, Azerbaijan and Belarus lagged somewhat behind, together comprising a further X terms of the main countries of destination, the United Arab Emirates, with a CAGR of +X%, 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

In 2021, the average peat export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Belarus ($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 Belarus (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Peat Imports

Imports into Ukraine

In 2021, overseas purchases of peat increased by X% to X tons, rising for the sixth year in a row after two years of decline. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, peat imports skyrocketed to $X in 2021. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Belarus (X tons) constituted the largest supplier of peat to Ukraine, with a X% share of total imports. Moreover, peat imports from Belarus exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fourfold. Latvia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Belarus totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+X% per year) and Latvia (+X% per year).

In value terms, Belarus ($X), Lithuania ($X) and Latvia ($X) were the largest peat suppliers to Ukraine, with a combined X% share of total imports.

Belarus, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among 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 2021, the average peat import price amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Estonia ($X per ton), while the price for Belarus ($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 (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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