Market research

Peat articles market in Hungary

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Hungarian peat articles market grew from 5.3 million USD in 2019 to a peak of 7.3 million USD in 2021. This expansion was set against a backdrop of shifting consumer expectations towards sustainability and digitalization, a trend noted in 2018 that influenced product development and marketing strategies across various sectors, including peat products.

Market volume contracted sharply by 19% to 5.9 million USD in 2022. This decline was primarily driven by significant pressures on the supply side, including difficulties in obtaining new peat extraction concessions due to environmental and political hurdles, which constrained production. Furthermore, increased promotion of peat-free alternatives and a drastic rise in manufacturing and transport costs exerted additional competitive and cost pressures on the market.

A recovery ensued in the following years, with the market reaching 6.8 million USD by 2024. The factors highlighted for 2025, such as the persistent consumer focus on sustainability and affordability, the growth of private label products, and the ongoing challenge of high energy-intensive production costs, continue to define the operating environment for peat articles in Hungary.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2019-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2019-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2019-2024, K t
  2. 5.1.2. In value, 2019-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production peat articles in Hungary

In value, 2018-2021, K $ US

Hungary's peat articles production value increased for the second consecutive year. In 2021, output was valued at 7 195 thousand US dollars, reflecting a moderate rise of 7.2% compared to 2020. Between 2019 and 2021, production grew by 36.6%, equating to an annualized growth rate of 11.0%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	27.5%	7.2%	-

Source: SHEV.io

In kind, 2018-2021, K t

The market showed significant volatility during this period. Production volumes varied considerably, with the lowest point in 2019 and the highest in 2020, representing a threefold difference. In 2021, Hungary produced 211.2 thousand tonnes of peat articles, indicating a slight decline of 2.9% year-over-year. The peak was recorded in 2020 at 217.7 thousand tonnes, which marked the largest annual increase of 195.8%.

Annual dynamics of production in Hungary in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	195.8%	(2.9%)	-

Source: SHEV.io

Exports peat articles from Hungary

Exports in kind, t

The market displayed an unstable trend throughout the timeframe. Export volumes peaked in 2019 and declined to their lowest level in 2021, with a dramatic top-to-bottom ratio of 5 103 times. In 2021, Hungary's peat articles export volume reached zero tonnes, representing a decrease of 88.5% compared to the previous year. The maximum value was recorded in 2019 at 102.1 tonnes, which also saw the largest annual increase of 1 999.3%. The largest decline occurred in 2020 at 99.8%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	1 999.3%	(99.8%)	(88.5%)	(84.0%)

Source: SHEV.io

Throughout 2018–2021, Austria remained the nearly exclusive buyer of peat articles from Hungary, accounting for 95.0% of total exports in volume terms.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, $ US

The market exhibited volatility during these years. Export values varied significantly, with a high in 2019 and a low in 2020, showing a 14.3-fold difference. In 2021, exported peat articles from Hungary totalled 3 584 US dollars, which is 182.6% higher than the previous year. The minimum value was recorded in 2020 at 1 268 US dollars, while the maximum was in 2019 at 18 192 US dollars. The largest decline occurred in 2020 at 93.0%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	43.0%	(93.0%)	182.6%	(34.4%)

Source: SHEV.io

In 2018–2021, Austria (39.1% of exports in value terms), Serbia (16.3%), and Estonia (14.7%) continued to lead as the top buyers of peat articles from Hungary, jointly accounting for 70.2% of total exports in value terms.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports peat articles to Hungary

Imports in kind, t

Hungary's volume of peat articles imports increased for the third consecutive year. In 2021, imports amounted to 11.3 tonnes, marking an 8.3% rise from 2020. Over the period 2018-2021, imports grew by 33.3%, with a compound annual growth rate (CAGR) of 10.0%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	8.2%	13.7%	8.3%	10.0%

Source: SHEV.io

Over 2018–2021, Denmark and Germany were the dominant suppliers of peat articles to Hungary, together accounting for 84.1% of total imports in volume terms, while other destinations each held relatively small shares.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, $ US

Hungary's peat articles imports increased in value for the third consecutive year. In 2021, imports amounted to 79 763 US dollars, which is 16.2% higher than the previous year. Over the period 2018-2021, imports grew by 53.5%, with a compound annual growth rate (CAGR) of 15.3%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	16.6%	13.2%	16.2%	15.3%

Source: SHEV.io

In 2018–2021, the two leading markets — Germany and Denmark — together accounted for 83.7% of total imports in value terms, while the remaining volume was distributed across a wide range of other countries.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io