United Kingdom: Peat Market 2022

Peat Market Size in the UK

In 2021, the UK peat market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Peat Production in the UK

In value terms, peat production reduced modestly to $X in 2021 estimated in export price. Overall, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Peat production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Peat Exports

Exports from the UK

In 2021, peat exports from the UK dropped modestly to X tons, waning by -X% on 2020 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peat exports expanded to $X in 2021. In general, total exports indicated a notable increase 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, exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for peat exports from the UK, accounting for a X% share of total exports. Moreover, peat exports to Ireland exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Japan (+X% per year).

In value terms, Ireland ($X) remains the key foreign market for peat exports from the UK, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2021, the average peat export price amounted to $X per ton, rising by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Ireland ($X per ton) and Ecuador ($X per ton), while the average price for exports to Germany ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Peat Imports

Imports into the UK

Peat imports into the UK reached X tons in 2021, rising by X% compared with the previous year. In general, total imports indicated strong growth 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 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, peat imports expanded remarkably to $X in 2021. Over the period under review, total imports indicated buoyant growth 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, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Ireland (X tons) constituted the largest peat supplier to the UK, accounting for a X% share of total imports. Moreover, peat imports from Ireland exceeded the figures recorded by the second-largest supplier, Latvia (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Ireland ($X) constituted the largest supplier of peat to the UK, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Latvia, with an X% share.

From 2012 to 2021, the average annual growth rate of value from Ireland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Latvia (+X% per year).

Import Prices by Country

In 2021, the average peat import price amounted to $X per ton, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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