Czech Republic: Market for Lucerne (Alfalfa) Meal And Pellets 2024

Market Size for Lucerne (Alfalfa) Meal And Pellets in the Czech Republic

The Czech lucerne meal and pellets market fell dramatically to $X in 2022, declining by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Lucerne meal and pellets consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Lucerne (Alfalfa) Meal And Pellets in the Czech Republic

In value terms, lucerne meal and pellets production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from the Czech Republic

In 2022, shipments abroad of lucerne (alfalfa) meal and pellets increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lucerne meal and pellets exports skyrocketed to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Croatia (X tons), Austria (X tons) and Slovenia (X tons) were the main destinations of lucerne meal and pellets exports from the Czech Republic, together comprising X% of total exports. Switzerland, Slovakia, Germany, Hungary and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Austria ($X) and Slovenia ($X) constituted the largest markets for lucerne meal and pellets exported from the Czech Republic worldwide, with a combined X% share of total exports. Switzerland, Slovakia, Germany, Hungary and Poland lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lucerne meal and pellets export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into the Czech Republic

In 2022, the amount of lucerne (alfalfa) meal and pellets imported into the Czech Republic contracted significantly to X tons, which is down by X% against 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, lucerne meal and pellets imports declined remarkably to $X in 2022. In general, imports, however, posted a perceptible expansion. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

France (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of lucerne meal and pellets imports to the Czech Republic, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest lucerne meal and pellets suppliers to the Czech Republic were France ($X), Poland ($X) and Italy ($X), together comprising X% of total imports.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lucerne meal and pellets import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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