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

Puerto Rico - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Lucerne (Alfalfa) Meal And Pellets 2022

Market Size for Lucerne (Alfalfa) Meal And Pellets in Puerto Rico

The Puerto Rican lucerne meal and pellets market amounted to less than $X in 2021, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports by Country

Spain was the major exporting country with an export of around X tons, which amounted to 30% of total exports. Italy (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by the United States (9.8%), South Africa (9.1%), France (7.3%), Canada (5.3%), Oman (5.1%), Sudan (3.1%) and Australia (1.9%). South Sudan (X tons) and the Netherlands (X tons) took a relatively small share of total exports.

Exports from Spain decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, South Africa (+23.5%), Oman (+11.1%) and Canada (+1.5%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.5% from 2012-2021. By contrast, France (-3.0%), the United States (-4.3%), Italy (-5.0%), the Netherlands (-7.2%), Sudan (-8.8%), Australia (-9.8%) and South Sudan (-10.4%) illustrated a downward trend over the same period. While the share of South Africa (+7.9 p.p.), Oman (+3.3 p.p.) and South Sudan (+2.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Australia (-2.4 p.p.), Sudan (-3.4 p.p.), the United States (-3.5 p.p.) and Italy (-6.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest lucerne meal and pellets supplier from Puerto Rico, comprising 26% of global exports. The second position in the ranking was taken by Italy ($X), with a 13% share of global exports. It was followed by South Africa, with an 11% share.

In Spain, lucerne meal and pellets exports decreased by an average annual rate of -2.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-6.3% per year) and South Africa (+25.7% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining constant against the previous year. Overall, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sudan ($X per ton), while South Sudan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sudan (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports by Country

The United Arab Emirates represented the largest importer of lucerne (alfalfa) meal and pellets in the world, with the volume of imports reaching X tons, which was approx. 39% of total imports in 2021. It was distantly followed by Saudi Arabia (X tons), generating a 13% share of total imports. Japan (X tons), Germany (X tons), France (X tons), the United States (X tons), Jordan (X tons), Belgium (X tons), Portugal (X tons), the UK (X tons), China (X tons), Qatar (X tons) and Greece (X tons) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +18.4% from 2012 to 2021. At the same time, China (+40.3%), Saudi Arabia (+39.6%), Qatar (+19.5%), Jordan (+16.7%), Greece (+10.2%), France (+9.5%), Portugal (+4.3%) and the UK (+1.5%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +40.3% from 2012-2021. Germany and the United States experienced a relatively flat trend pattern. By contrast, Belgium (-4.5%) and Japan (-11.8%) illustrated a downward trend over the same period. The United Arab Emirates (+24 p.p.), Saudi Arabia (+12 p.p.), China (+2.4 p.p.), Jordan (+1.7 p.p.) and Qatar (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while the UK, the United States, Germany, Belgium and Japan saw its share reduced by -1.5%, -2.3%, -2.5%, -4.8% and -18.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets into Puerto Rico, comprising 37% of global imports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of global imports. It was followed by Japan, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +19.3%. In the other countries, the average annual rates were as follows: Saudi Arabia (+31.2% per year) and Japan (-9.5% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the other leaders experienced more modest paces of growth.

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?
+
China remains the largest lucerne meal and pellets consuming country worldwide, comprising approx. 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?
+
China constituted the country with the largest volume of lucerne meal and pellets production, 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 Puerto Rico?
+
In value terms, the United Arab Emirates constitutes the largest market for imported lucerne alfalfa) meal and pellets into Puerto Rico, comprising 37% of global imports. The second position in the ranking was taken by Saudi Arabia, with an 11% share of global imports. It was followed by Japan, with a 5.3% share.
What are the leading importers of lucerne (alfalfa) meal and pellets from Puerto Rico?
+
In value terms, Spain remains the largest lucerne meal and pellets supplier from Puerto Rico, comprising 26% of global exports. The second position in the ranking was held by Italy, with a 13% share of global exports. It was followed by South Africa, with an 11% share.
What is the average export price for lucerne (alfalfa) meal and pellets in Puerto Rico?
+
The export price in Puerto Rico stood at less than $0.1 per ton in 2021, remaining relatively unchanged against the previous year.
What is the average import price for lucerne (alfalfa) meal and pellets in Puerto Rico?
+
In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, leveling off at the previous year.

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

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