Australia: Market for Lucerne (Alfalfa) Meal And Pellets 2025

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

In 2021, the Australian lucerne meal and pellets market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt slump. Lucerne meal and pellets consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Lucerne (Alfalfa) Meal And Pellets in Australia

In value terms, lucerne meal and pellets production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Australia

In 2021, approx. X tons of lucerne (alfalfa) meal and pellets were exported from Australia; dropping by -23.7% compared with the previous year. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, lucerne meal and pellets exports fell notably to $X in 2021. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 61%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and New Zealand (X tons) were the main destinations of lucerne meal and pellets exports from Australia, together comprising 15% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +365.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lucerne meal and pellets exported from Australia were Vietnam ($X), Indonesia ($X) and New Zealand ($X), with a combined 17% share of total exports.

Vietnam, with a CAGR of +447.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, surging by 2.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+17.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Australia

In 2021, the amount of lucerne (alfalfa) meal and pellets imported into Australia soared to X tons, rising by 504% compared with 2020 figures. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 893% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, lucerne meal and pellets imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by 323%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main lucerne meal and pellets supplier to Australia, accounting for a 92% share of total imports. Moreover, lucerne meal and pellets imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +78.1%.

In value terms, China ($X) constituted the largest supplier of lucerne (alfalfa) meal and pellets to Australia, comprising 95% of total imports. The second position in the ranking was held by the United States ($X), with a 5.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +39.7%.

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2021, dropping by -32.7% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 322%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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