Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden - 2023

Contents:

  1. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden (FOB) - 2023
  2. Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden (CIF) - 2022
  3. Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden
  4. Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden

Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden (FOB) - 2023

In October 2023, the average export price for peat; (including peat litter), whether or not agglomerateds amounted to $91.8 per ton, reducing by -8.7% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 29% month-to-month. Over the period under review, the average export prices attained the maximum at $131 per ton in May 2023; however, from June 2023 to October 2023, the export prices remained at a lower figure.

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

From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +2.9% per month.

Price for Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden (CIF) - 2022

In 2022, the average import price for peat; (including peat litter), whether or not agglomerateds amounted to $209 per ton, growing by 7.7% against the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 65%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($315 per ton), while the price for Finland ($115 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden

For the fourth consecutive year, Sweden recorded growth in overseas shipments of peat; (including peat litter), whether or not agglomerateds, which increased by 16% to 396K tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of peat; (including peat litter), whether or not agglomerateds surged to $36M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands11.112.315.817.015.3%
Denmark4.25.45.88.225.0%
Norway2.53.14.54.017.0%
Poland0.20.20.51.9111.8%
Belgium0.70.40.81.837.0%
Germany1.00.91.11.719.3%
Finland0.60.10.10.2-30.7%
Others1.91.21.61.7-3.6%
Total22.123.730.336.418.1%

Top Export Markets for Peat; (Including Peat Litter), Whether or Not Agglomerated from Sweden in 2022:

  1. Netherlands (233.1K tons)
  2. Denmark (72.4K tons)
  3. Norway (29.7K tons)
  4. Poland (20.1K tons)
  5. Germany (14.4K tons)
  6. Belgium (13.5K tons)
  7. Finland (8.0K tons)

Imports of Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden

In 2022, supplies from abroad of peat; (including peat litter), whether or not agglomerateds was finally on the rise to reach 13K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a sharp setback.

In value terms, imports of peat; (including peat litter), whether or not agglomerateds surged to $2.8M in 2022. In general, imports, however, faced a sharp curtailment.

Import of Peat; (Including Peat Litter), Whether or Not Agglomerated in Sweden (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,7657433811,538-4.5%
Finland38637636869921.9%
Norway2652373893469.3%
Denmark69.518426112822.6%
Netherlands18415315876.4-25.4%
Russia573N/AN/A11.1-73.1%
Malta496N/AN/AN/A0%
Lithuania643N/AN/AN/A0%
Estonia37642.42.0N/A-92.7%
Belarus1,443N/AN/AN/A0%
Others51.953.822.52.8-62.2%
Total6,2531,7911,5812,801-23.5%

Top Suppliers of Peat; (Including Peat Litter), Whether or Not Agglomerated to Sweden in 2022:

  1. Finland (6.1K tons)
  2. Germany (4.9K tons)
  3. Norway (1.4K tons)
  4. Denmark (0.6K tons)
  5. Netherlands (0.4K tons)

Source: IndexBox Market Intelligence Platform

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