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

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

The MENA's lucerne meal and pellets market shrank to $X in 2023, declining by X% against the previous year. Overall, consumption continues to indicate a slight setback. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in MENA

In value terms, lucerne meal and pellets production amounted to $X in 2023 estimated in export price. Over the period under review, production saw a slight reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in MENA

After three years of growth, overseas shipments of lucerne (alfalfa) meal and pellets decreased by X% to X tons in 2023. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then reduced modestly in the following year.

In value terms, lucerne meal and pellets exports dropped to $X in 2023. Over the period under review, exports, however, showed a prominent increase. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2023, Egypt (X tons) represented the largest exporter of lucerne (alfalfa) meal and pellets, mixing up X% of total exports. It was distantly followed by Oman (X tons), comprising a X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

In Egypt, lucerne meal and pellets exports 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: Oman (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in MENA

In 2023, approx. X tons of lucerne (alfalfa) meal and pellets were imported in MENA; rising by X% on the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, lucerne meal and pellets imports rose sharply to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the largest importer of lucerne (alfalfa) meal and pellets, generating X% of total imports. It was distantly followed by Saudi Arabia (X tons), Jordan (X tons) and Qatar (X tons), together achieving a X% share of total imports. Oman (X tons), Lebanon (X tons) and Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Jordan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets in MENA, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, lucerne meal and pellets imports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, shrinking by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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 Qatar ($X per ton), while Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform