CIS: Market for Lucerne (Alfalfa) Meal And Pellets 2024

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

In 2023, after two years of growth, there was significant decline in the CIS lucerne meal and pellets market, when its value decreased by X% to $X. In general, consumption, however, saw prominent growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Production of Lucerne (Alfalfa) Meal And Pellets in CIS

In value terms, lucerne meal and pellets production reached $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in CIS

In 2023, the amount of lucerne (alfalfa) meal and pellets exported in the CIS skyrocketed to X tons, increasing by X% compared with 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, lucerne meal and pellets exports surged to $X in 2023. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Russia (X tons) represented the key exporter of lucerne (alfalfa) meal and pellets, comprising X% of total exports. It was distantly followed by Kazakhstan (X tons), achieving a X% share of total exports. Moldova (X tons) took a relatively small share of total exports.

Exports from Russia increased at an average annual rate of X% from 2013 to 2023. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2013-2023. By contrast, Moldova (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2013-2023, the share of Moldova (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest lucerne meal and pellets supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Russia, lucerne meal and pellets exports expanded at an average annual rate of X% over the period from 2013-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Moldova (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in CIS

In 2023, supplies from abroad of lucerne (alfalfa) meal and pellets decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, lucerne meal and pellets imports declined remarkably to $X in 2023. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Moldova (X tons) represented the key importer of lucerne (alfalfa) meal and pellets, committing X% of total imports. It was distantly followed by Kazakhstan (X tons), mixing up a X% share of total imports. Armenia (X tons) followed a long way behind the leaders.

Moldova was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets imports, with a CAGR of X% from 2012 to 2023. Kazakhstan (X%) and Armenia (X%) illustrated a downward trend over the same period. Moldova (X p.p.) and Armenia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Moldova ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

In Moldova, lucerne meal and pellets imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Armenia (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Armenia ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform