
Kenya - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
Kenya: Market for Lucerne (Alfalfa) Meal And Pellets 2022
Market Size for Lucerne (Alfalfa) Meal And Pellets in Kenya
In 2021, after two years of decline, there was significant growth in the Kenyan lucerne meal and pellets market, when its value increased by 12% to $X. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Production of Lucerne (Alfalfa) Meal And Pellets in Kenya
In value terms, lucerne meal and pellets production totaled $X in 2021 estimated in export price. Overall, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Exports of Lucerne (Alfalfa) Meal And Pellets
Exports from Kenya
In 2021, approx. X tons of lucerne (alfalfa) meal and pellets were exported from Kenya; with a decrease of -20.5% compared with the previous year. In general, exports saw a perceptible reduction. The growth pace was the most rapid in 2020 when exports increased by 267%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.
In value terms, lucerne meal and pellets exports reduced rapidly to $X in 2021. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 295% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
Uganda (X tons) was the main destination for lucerne meal and pellets exports from Kenya, with a 74% share of total exports. Moreover, lucerne meal and pellets exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X tons), threefold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda amounted to +6.2%.
In value terms, the largest markets for lucerne meal and pellets exported from Kenya were Tanzania ($X) and Uganda ($X).
Among the main countries of destination, Uganda, with a CAGR of +7.8%, recorded the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
The average lucerne meal and pellets export price stood at $X per ton in 2021, shrinking by -19.6% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 195%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the the average export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+1.5%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for lucerne meal and pellets in Kenya. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the global market for lucerne meal and pellets.
This report provides an in-depth analysis of the market for lucerne meal and pellets in the EU.
This report provides an in-depth analysis of the market for lucerne meal and pellets in Asia.
This report provides an in-depth analysis of the market for lucerne meal and pellets in the U.S..
This report provides an in-depth analysis of the market for lucerne meal and pellets in China.
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET