EU: Articles Of Peat Market 2024

Articles Of Peat Market Size in the EU

The EU articles of peat market totaled $X in 2023, remaining constant against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Articles Of Peat Production in the EU

In value terms, articles of peat production expanded remarkably to $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Articles Of Peat Exports

Exports in the EU

In 2023, overseas shipments of articles of peat increased by X% to X tons, rising for the seventh consecutive year after four years of decline. Over the period under review, exports recorded a prominent increase. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, articles of peat exports reduced dramatically to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then shrank significantly in the following year.

Exports by Country

Latvia prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Poland (X tons) and the Czech Republic (X tons), together comprising a X% share of total exports. The following exporters - Denmark (X tons) and the Netherlands (X tons) - together made up X% of total exports.

Latvia was also the fastest-growing in terms of the articles of peat exports, with a CAGR of X% from 2012 to 2023. At the same time, the Netherlands (X%) and Poland (X%) displayed positive paces of growth. By contrast, Denmark (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Latvia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Denmark (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Latvia ($X), Denmark ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Among the main exporting countries, Latvia, with a CAGR of X%, saw the highest growth rate of 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

The export price in the European Union stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Articles Of Peat Imports

Imports in the EU

In 2023, supplies from abroad of articles of peat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, articles of peat imports declined remarkably to $X in 2023. Overall, imports recorded a slight descent. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2023, Spain (X tons), distantly followed by Germany (X tons), the Czech Republic (X tons), Austria (X tons) and Lithuania (X tons) represented the main importers of articles of peat, together committing X% of total imports. The following importers - Denmark (X tons) and Romania (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Austria, the Czech Republic, Lithuania and Romania lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, shrinking by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, articles of peat import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Denmark ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform