Global Peat Market Overview
In value terms, peat production totaled $4B 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 4.8% y-o-y. Over the period under review, global peat production reached its peak figure level at $4B in 2007; however, from 2008 to 2010, production stood at a somewhat 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 51% of global production. These countries were followed by Sweden, Iran, Russia, Turkmenistan, Afghanistan, the U.S. and Poland, which together accounted 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 the other global leaders experienced more modest paces of growth.
The global peat market revenue amounted to $3.2B in 2010, approximately mirroring 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). Over the period under review, peat consumption continues to indicate a deep deduction. The pace of growth appeared the most rapid in 2010 with a decrease of -1% year-to-year. Over the period under review, the global peat market attained its peak figure level at $3.8B 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 the other global leaders experienced more modest paces of growth.
In value terms, the largest peat markets worldwide were Turkmenistan ($592M), Finland ($385M) and Mexico ($315M), with a combined 40% share of the global market. The U.S., Sweden, Russia, Belarus, Iran, France, the Netherlands, Poland and Afghanistan lagged somewhat behind, together accounting for a further 37%.
Afghanistan experienced the highest growth rate of peat market, in terms of the main consuming countries over the last three-year period, while the other global leaders experienced more modest paces of growth.
In 2010, the highest levels of peat per capita consumption was registered in Finland (1,043 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 4.43 kg per person.
In Finland, peat per capita consumption shrank by an average annual rate of -17.2% over the period from 2007-2010. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Sweden (-7.5% per year) and Belarus (-7.2% per year).