Overview of the Global Market for Lucerne (Alfalfa) Meal And Pellets

Market Size for Lucerne (Alfalfa) Meal And Pellets

The global lucerne meal and pellets market shrank to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the global market failed to regain momentum.

Production of Lucerne (Alfalfa) Meal And Pellets

In value terms, lucerne meal and pellets production declined modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth failed to regain momentum.

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Exports of Lucerne (Alfalfa) Meal And Pellets

Exports

After two years of growth, shipments abroad of lucerne (alfalfa) meal and pellets decreased by X% to X tons in 2022. Overall, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The global exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lucerne meal and pellets exports expanded slightly to $X in 2022. Over the period under review, exports saw a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain represented the major exporter of lucerne (alfalfa) meal and pellets in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Italy (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United States (X%), France (X%), Egypt (X%), Canada (X%) and South Africa (X%).

From 2012 to 2022, average annual rates of growth with regard to lucerne meal and pellets exports from Spain stood at X%. At the same time, Egypt (X%), South Africa (X%) and Canada (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, France (X%), the United States (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt, South Africa and Canada increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lucerne meal and pellets supplying countries worldwide were Spain ($X), Italy ($X) and the United States ($X), with a combined X% share of global exports. Egypt, France, Canada and South Africa lagged somewhat behind, together comprising a further X%.

Egypt, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average lucerne meal and pellets export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Africa ($X per ton) and Egypt ($X per ton), while France ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other global leaders experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports

Global lucerne meal and pellets imports skyrocketed to X tons in 2022, jumping by X% compared with the year before. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, lucerne meal and pellets imports surged to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the major importer of lucerne (alfalfa) meal and pellets, making up X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%). The following importers - the United States (X tons), Lesotho (X tons), Belgium (X tons), Jordan (X tons), Kuwait (X tons), Qatar (X tons), the UK (X tons), Portugal (X tons), China (X tons) and the Netherlands (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to lucerne meal and pellets imports into the United Arab Emirates stood at X%. At the same time, Lesotho (X%), China (X%), Kuwait (X%), Qatar (X%), Jordan (X%), Germany (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The United States, the UK and the Netherlands experienced a relatively flat trend pattern. By contrast, Japan (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Lesotho (X p.p.), Kuwait (X p.p.), Jordan (X p.p.), Qatar (X p.p.) and China (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Belgium (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets worldwide, comprising X% of global imports. The second position in the ranking was taken by Japan ($X), with a X% share of global imports. It was followed by the United States, with a X% share.

In the United Arab Emirates, lucerne meal and pellets imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Global import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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