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

Ecuador - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
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Ecuador: Market for Lucerne (Alfalfa) Meal And Pellets 2022

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

In 2021, after four years of growth, there was decline in the Ecuadorian lucerne meal and pellets market, when its value decreased by -4.7% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Lucerne (Alfalfa) Meal And Pellets in Ecuador

In value terms, lucerne meal and pellets production declined to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 42%. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Ecuador

After two years of decline, overseas shipments of lucerne (alfalfa) meal and pellets decreased by 0% to X tons in 2016. Overall, exports recorded a drastic downturn. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2016, the exports remained at a lower figure.

In value terms, lucerne meal and pellets exports stood at $X in 2016. In general, exports saw a sharp decline. The exports peaked at $X in 2013; however, from 2014 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for lucerne meal and pellets exports from Ecuador, with a approx. 100% share of total exports.

From 2013 to 2016, the average annual rate of growth in terms of volume to Kuwait was relatively modest.

From 2013 to 2016, the average annual growth rate of value to Kuwait was relatively modest.

Export Prices by Country

In 2016, the average lucerne meal and pellets export price amounted to $X per ton, approximately equating the previous year. Overall, the export price faced a abrupt decrease. The export price peaked at $X per ton in 2013; however, from 2014 to 2016, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2013 to 2016, the rate of growth in terms of prices for Colombia amounted to 0.0% per year.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Ecuador

In 2021, after two years of growth, there was significant decline in supplies from abroad of lucerne (alfalfa) meal and pellets, when their volume decreased by -64.6% to X tons. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 113% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, lucerne meal and pellets imports dropped markedly to $X in 2021. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 96%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) was the main lucerne meal and pellets supplier to Ecuador, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Argentina totaled +20.3%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina amounted to +24.4%.

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2021, surging by 64% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +3.5% 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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The country with the largest volume of lucerne meal and pellets consumption was China, accounting for 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?
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The country with the largest volume of lucerne meal and pellets production was China, 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 Ecuador?
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In value terms, Argentina constituted the largest supplier of lucerne meal and pellets to Ecuador.
What is the average export price for lucerne (alfalfa) meal and pellets in Ecuador?
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The average lucerne meal and pellets export price stood at $318 per ton in 2016, standing approx. at the previous year.
What is the average import price for lucerne (alfalfa) meal and pellets in Ecuador?
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In 2021, the average lucerne meal and pellets import price amounted to $443 per ton, surging by 64% against the previous year.

This report provides an in-depth analysis of the market for lucerne meal and pellets in Ecuador. 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:
• Ecuador

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ecuador
• 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

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

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

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

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

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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