
Ukraine - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
Ukraine: Market for Lucerne (Alfalfa) Meal And Pellets 2022
Market Size for Lucerne (Alfalfa) Meal And Pellets in Ukraine
The Ukrainian lucerne meal and pellets market fell to $X in 2021, waning by -6.7% against the previous year. Over the period under review, consumption saw a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.
Production of Lucerne (Alfalfa) Meal And Pellets in Ukraine
In value terms, lucerne meal and pellets production reduced modestly to $X in 2021 estimated in export price. In general, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33% against the previous year. Lucerne meal and pellets production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.
Exports of Lucerne (Alfalfa) Meal And Pellets
Exports from Ukraine
In 2021, the amount of lucerne (alfalfa) meal and pellets exported from Ukraine totaled X tons, approximately reflecting the previous year's figure. In general, exports showed a significant expansion. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.
In value terms, lucerne meal and pellets exports stood at $X in 2021. Overall, exports showed a strong expansion. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.
Exports by Country
Poland (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main destinations of lucerne meal and pellets exports from Ukraine, together accounting for 73% of total exports.
From 2014 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +111.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($X), Poland ($X) and Qatar ($X) constituted the largest markets for lucerne meal and pellets exported from Ukraine worldwide, with a combined 69% share of total exports. These countries were followed by the United Arab Emirates, Moldova, Montenegro and Israel, which together accounted for a further 28%.
The United Arab Emirates, with a CAGR of +65.9%, saw the highest growth rate of the value of exports, among 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
In 2021, the average lucerne meal and pellets export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price continues to indicate a abrupt curtailment. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Qatar ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.
From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.6%), while the prices for the other major destinations experienced a decline.
Imports of Lucerne (Alfalfa) Meal And Pellets
Imports into Ukraine
After five years of decline, purchases abroad of lucerne (alfalfa) meal and pellets decreased by 0% to X tons in 2021. In general, imports showed a deep contraction. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
In value terms, lucerne meal and pellets imports amounted to $X in 2021. Overall, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 4.1% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.
Imports by Country
In 2021, Jordan (X tons) was the main supplier of lucerne meal and pellets to Ukraine, with a approx. 100% share of total imports.
From 2015 to 2021, the average annual growth rate of volume from Jordan was relatively modest.
In value terms, Jordan ($X) constituted the largest supplier of lucerne meal and pellets to Ukraine.
From 2015 to 2021, the average annual rate of growth in terms of value from Jordan was relatively modest.
Import Prices by Country
The average lucerne meal and pellets import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 15% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Jordan.
From 2015 to 2021, the rate of growth in terms of prices for Russia amounted to +14.7% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for lucerne meal and pellets in Ukraine. 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
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