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Report Bulgaria - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 3, 2022

Bulgaria - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Bulgaria: Market for Lucerne (Alfalfa) Meal And Pellets 2022

Market Size for Lucerne (Alfalfa) Meal And Pellets in Bulgaria

The Bulgarian lucerne meal and pellets market declined rapidly to $X in 2021, reducing by -39.5% against the previous year. Overall, consumption saw a noticeable decline. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Production of Lucerne (Alfalfa) Meal And Pellets in Bulgaria

In value terms, lucerne meal and pellets production declined markedly to $X in 2021 estimated in export price. In general, production recorded a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 105%. Lucerne meal and pellets production peaked at $X in 2020, and then dropped dramatically in the following year.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Bulgaria

Lucerne meal and pellets exports from Bulgaria soared to X tons in 2021, with an increase of 189% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lucerne meal and pellets exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for lucerne meal and pellets exports from Bulgaria, accounting for a 85% share of total exports. Moreover, lucerne meal and pellets exports to Greece exceeded the volume sent to the second major destination, Cyprus (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+172.3% per year) and Germany (+104.1% per year).

In value terms, Greece ($X) remains the key foreign market for lucerne meal and pellets exports from Bulgaria, comprising 84% of total exports. The second position in the ranking was held by Cyprus ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Greece totaled +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+178.4% per year) and Germany (+113.0% per year).

Export Prices by Country

The average lucerne meal and pellets export price stood at $X per ton in 2021, growing by 16% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 17%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Bulgaria

In 2021, supplies from abroad of lucerne (alfalfa) meal and pellets increased by 709% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lucerne meal and pellets imports skyrocketed to $X in 2021. Over the period under review, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Romania (X tons) was the main supplier of lucerne meal and pellets to Bulgaria, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Romania amounted to +53.1%.

In value terms, Romania ($X) constituted the largest supplier of lucerne meal and pellets to Bulgaria.

From 2012 to 2021, the average annual rate of growth in terms of value from Romania amounted to +36.4%.

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2021, declining by -8.4% against the previous year. Overall, the import price faced a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 55%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Romania.

From 2012 to 2021, the rate of growth in terms of prices for Hungary amounted to -8.4% per year.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for lucerne (alfalfa) meal and pellets in the world?
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China constituted the country with the largest volume of lucerne meal and pellets consumption, comprising approx. 16% of total volume. Moreover, lucerne meal and pellets consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was taken by the United Arab Emirates, with a 6.4% share.
What are the largest producers of lucerne (alfalfa) meal and pellets in the world?
+
China constituted the country with the largest volume of lucerne meal and pellets production, accounting for 16% of total volume. Moreover, lucerne meal and pellets production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was taken by the United States, with a 6.5% share.
What are the leading suppliers of lucerne (alfalfa) meal and pellets to Bulgaria?
+
In value terms, Romania constituted the largest supplier of lucerne meal and pellets to Bulgaria.
What are the leading importers of lucerne (alfalfa) meal and pellets from Bulgaria?
+
In value terms, Greece remains the key foreign market for lucerne meal and pellets exports from Bulgaria, comprising 84% of total exports. The second position in the ranking was taken by Cyprus, with a 12% share of total exports.
What is the average export price for lucerne (alfalfa) meal and pellets in Bulgaria?
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In 2021, the average lucerne meal and pellets export price amounted to $243 per ton, surging by 16% against the previous year.
What is the average import price for lucerne (alfalfa) meal and pellets in Bulgaria?
+
The average lucerne meal and pellets import price stood at $123 per ton in 2021, dropping by -8.4% against the previous year.

This report provides an in-depth analysis of the market for lucerne meal and pellets in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 10912000 - Lucerne (alfalfa) meal and pellets
Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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