The UK articles of peat market is forecast for modest growth, with volume expected to reach 249K tons by 2035 at a CAGR of +1.0%, while market value is projected to hit $407M at a higher CAGR of +2.5%, indicating rising prices. In 2024, domestic consumption and production were stable at 223K tons, though market value has contracted from 2021 peaks. Imports remain low but surged 44% in volume in 2024, primarily from the Netherlands, France, and Canada, while exports dropped sharply by 39.9% in volume, with China being the leading export market by value.<\/p>\n
Key Findings<\/p>\n
UK peat articles market forecast to grow to 249K tons and $407M by 2035, with value growth (CAGR +2.5%) outpacing volume (CAGR +1.0%)Domestic production and consumption were flat in 2024 at 223K tons, remaining below the 2019 peakImports saw a significant 44% volume increase in 2024 but remain dramatically below 2013 levelsExports fell sharply by 39.9% in volume in 2024, with China as the top destination by valueAverage import and export prices diverged, with import prices declining but remaining historically high, while export prices dropped nearly 47%Market Forecast<\/p>\n
Driven by rising demand for articles of peat in the UK, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2024 to 2035, which is projected to bring the market volume to 249K tons by the end of 2035.<\/p>\n
In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2024 to 2035, which is projected to bring the market value to $407M (in nominal wholesale prices) by the end of 2035.<\/p>\n
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ConsumptionUnited Kingdom’s Consumption of Articles Of Peat<\/p>\n
In 2024, consumption of articles of peat increased by 0.8% to 223K tons, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the consumption volume increased by 8% against the previous year. Over the period under review, consumption hit record highs at 234K tons in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.<\/p>\n
The value of the articles of peat market in the UK contracted to $311M in 2024, almost unchanged from 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, however, continues to indicate a mild contraction. Articles of peat consumption peaked at $398M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.<\/p>\n
ProductionUnited Kingdom’s Production of Articles Of Peat<\/p>\n
In 2024, production of articles of peat increased by 0.7% to 223K tons, rising for the second year in a row after three years of decline. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 8.1%. Articles of peat production peaked at 234K tons in 2019; however, from 2020 to 2024, production stood at a somewhat lower figure.<\/p>\n
In value terms, articles of peat production contracted to $292M in 2024 estimated in export price. Over the period under review, production, however, saw a slight decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 12% against the previous year. Articles of peat production peaked at $407M in 2021; however, from 2022 to 2024, production failed to regain momentum.<\/p>\n
ImportsUnited Kingdom’s Imports of Articles Of Peat<\/p>\n
In 2024, imports of articles of peat into the UK soared to 337 tons, rising by 44% compared with 2023. Overall, imports, however, saw a dramatic curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 1,099%. Over the period under review, imports reached the maximum at 6.8K tons in 2013; however, from 2014 to 2024, imports remained at a lower figure.<\/p>\n
In value terms, articles of peat imports expanded rapidly to $1.2M in 2024. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2022 with an increase of 224%. Over the period under review, imports reached the peak figure at $5.1M in 2014; however, from 2015 to 2024, imports failed to regain momentum.<\/p>\n
Imports By Country<\/p>\n
The Netherlands<\/a> (171 tons), France<\/a> (92 tons) and Canada<\/a> (52 tons) were the main suppliers of articles of peat imports to the UK, together comprising 94% of total imports.<\/p>\n From 2013 to 2024, the biggest increases were recorded for Canada (with a CAGR of +223.2%), while purchases for the other leaders experienced more modest paces of growth.<\/p>\n In value terms, the Netherlands<\/a> ($424K), France ($322K) and Canada ($153K) constituted the largest articles of peat suppliers to the UK, together accounting for 77% of total imports.<\/p>\n In terms of the main suppliers, Canada, with a CAGR of +151.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.<\/p>\n Import Prices By Country<\/p>\n In 2024, the average articles of peat import price amounted to $3,461 per ton, waning by -26.4% against the previous year. In general, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 2,198% against the previous year. As a result, import price attained the peak level of $11,637 per ton. From 2015 to 2024, the average import prices failed to regain momentum.<\/p>\n There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was the United States<\/a> ($14,945 per ton), while the price for the Netherlands ($2,475 per ton) was amongst the lowest.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Poland<\/a> (+52.1%), while the prices for the other major suppliers experienced more modest paces of growth.<\/p>\n ExportsUnited Kingdom’s Exports of Articles Of Peat<\/p>\n In 2024, exports of articles of peat from the UK dropped significantly to 103 tons, with a decrease of -39.9% on 2023. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 189%. Over the period under review, the exports hit record highs at 247 tons in 2022; however, from 2023 to 2024, the exports failed to regain momentum.<\/p>\n In value terms, articles of peat exports dropped markedly to $1.1M in 2024. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2022 with an increase of 1,693% against the previous year. As a result, the exports attained the peak of $10M. From 2023 to 2024, the growth of the exports remained at a lower figure.<\/p>\n Exports By Country<\/p>\n China<\/a> (20 tons), Spain<\/a> (19 tons) and France (17 tons) were the main destinations of articles of peat exports from the UK, together comprising 54% of total exports. The Netherlands, Italy<\/a>, Kyrgyzstan, the United States, Sweden<\/a>, Germany<\/a> and Ireland<\/a> lagged somewhat behind, together comprising a further 36%.<\/p>\n From 2013 to 2024, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +384.6%), while shipments for the other leaders experienced more modest paces of growth.<\/p>\n In value terms, China ($391K) remains the key foreign market for articles of peat exports from the UK, comprising 36% of total exports. The second position in the ranking was held by France ($117K), with an 11% share of total exports. It was followed by Spain, with a 9.9% share.<\/p>\n From 2013 to 2024, the average annual growth rate of value to China amounted to +82.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.3% per year) and Spain (+20.9% per year).<\/p>\n Export Prices By Country<\/p>\n The average articles of peat export price stood at $10,389 per ton in 2024, dropping by -46.8% against the previous year. Over the period under review, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2022 when the average export price increased by 591%. As a result, the export price attained the peak level of $42,427 per ton. From 2023 to 2024, the average export prices remained at a somewhat lower figure.<\/p>\n Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($39,151 per ton), while the average price for exports to the Netherlands ($4,266 per ton) was amongst the lowest.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.<\/p>\n