Global Peat Market Overview
In value terms, peat production amounted to $3.8B in 2010 estimated in export prices. Over the period under review, peat production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of 4.7% y-o-y. Over the period under review, global peat production reached its peak figure level at $3.8B in 2007; however, from 2008 to 2010, production remained at a lower figure.
The countries with the highest volumes of peat production in 2010 were Mexico (8.5M tonnes), Finland (5.6M tonnes) and Belarus (2.6M tonnes), together comprising 52% of global production. Sweden, Iran, Russia, Turkmenistan, Afghanistan, the U.S. and Poland lagged somewhat behind, together accounting for a further 24%.
From 2007 to 2010, the most notable rate of growth in terms of peat production, amongst the main producing countries, was attained by Afghanistan, while peat production for the other global leaders experienced more modest paces of growth.
The global peat market revenue amounted to $3.5B in 2010, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, peat consumption continues to indicate a drastic reduction. The pace of growth was the most pronounced in 2010 when the market value decreased by -0.6% y-o-y. Over the period under review, the global peat market reached its maximum level at $4B in 2007; however, from 2008 to 2010, consumption stood at a somewhat lower figure.
From 2007 to 2010, the most notable rate of growth in terms of peat consumption, amongst the main consuming countries, was attained by Afghanistan, while peat consumption for the other global leaders experienced more modest paces of growth.
In value terms, Turkmenistan ($595M), the U.S. ($389M) and Finland ($379M) appeared to be the countries with the highest levels of market value in 2010, with a combined 38% share of the global market. These countries were followed by Iran, Mexico, Sweden, Russia, Belarus, France, the Netherlands, Poland and Afghanistan, which together accounted for a further 41%.
Among the main consuming countries, Afghanistan experienced the highest growth rate of market size, over the period under review, while peat market for the other global leaders experienced more modest paces of growth.
In 2010, the highest levels of peat per capita consumption was registered in Finland (1,029 kg per person), followed by Sweden (239 kg per person), Belarus (230 kg per person) and Turkmenistan (122 kg per person), while the world average per capita consumption of peat was estimated at 4.41 kg per person.
From 2007 to 2010, the average annual growth rate of the peat per capita consumption in Finland stood at -17.5%. In the other countries, the average annual rates were as follows: Sweden (-7.5% per year) and Belarus (-7.2% per year).