Peat Market Overview in Denmark
In value terms, peat production expanded modestly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. Denmark production peaked in 2019 and is expected to retain growth in the immediate term.
The revenue of the peat market in Denmark dropped modestly to $ in 2019, remaining relatively unchanged against 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, consumption continues to indicate a noticeable decline. The growth pace was the most rapid in 2012 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.