Australia and Oceania: Market for Lucerne (Alfalfa) Meal And Pellets 2024

Market Size for Lucerne (Alfalfa) Meal And Pellets in Australia and Oceania

The lucerne meal and pellets market in Australia and Oceania was estimated at $X in 2021, rising by 5.8% against the previous year. In general, consumption, however, continues to indicate a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in Australia and Oceania

In value terms, lucerne meal and pellets production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by 5.8% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in Australia and Oceania

For the seventh year in a row, Australia and Oceania recorded decline in shipments abroad of lucerne (alfalfa) meal and pellets, which decreased by -22.7% to X tons in 2021. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 31% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lucerne meal and pellets exports plummeted to $X in 2021. In general, exports showed a deep setback. The growth pace was the most rapid in 2014 with an increase of 58% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was approx. 97% of total exports in 2021. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to lucerne meal and pellets exports from Australia stood at -9.8%. New Zealand (-4.7%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest lucerne meal and pellets supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 5.8% share of total exports.

In Australia, lucerne meal and pellets exports shrank by an average annual rate of -9.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, rising by 3.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.7%).

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in Australia and Oceania

In 2021, the amount of lucerne (alfalfa) meal and pellets imported in Australia and Oceania expanded remarkably to X tons, increasing by 14% on the previous year. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 127%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, lucerne meal and pellets imports surged to $X in 2021. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, New Zealand (X tons) was the key importer of lucerne (alfalfa) meal and pellets, committing 86% of total imports. It was distantly followed by New Caledonia (X tons), creating a 12% share of total imports. Australia (X tons) held a little share of total imports.

New Zealand was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets imports, with a CAGR of +71.4% from 2012 to 2021. At the same time, Australia (+13.1%) and New Caledonia (+2.3%) displayed positive paces of growth. While the share of New Zealand (+83 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Caledonia (-26.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was taken by Australia ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value in New Zealand totaled +85.7%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+6.2% per year) and New Caledonia (-7.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 21% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Australia ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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