Peat: articles of peat n.e.c. or included

In 2024, peat: articles of peat n.e.c. or included trade exhibited significant decline, with global flows reaching $41,162,894 and a three-year compound annual growth rate of -2.4% (five-year: +5.0%). The all-time peak of $81,264,069 was recorded in 1996; the current level is 49% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-1.0% acceleration).

The World Trade Flows Characterization classifies peat: articles of peat n.e.c. or included as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.124). The three largest exporters — Canada ($12.2M), Denmark ($5.7M), and Netherlands ($5.4M) — collectively dominate supply flows. The leading exporter has grown at +24.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.108). The three largest import markets are United States ($11.1M), Germany ($4.2M), and Canada ($4.1M). The largest importing market sources from 21 different supplying countries.

Estimated substitution elasticity: -4.36. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is Canada → United States at $10.2M, representing 92.0% of the importer's total demand.

The volatility score for peat: articles of peat n.e.c. or included is 14 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.