Benelux: Market for Lucerne (Alfalfa) Meal And Pellets 2024

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

In 2021, after two years of decline, there was significant growth in the Benelux lucerne meal and pellets market, when its value increased by 18% to $X. Over the period under review, consumption, however, continues to indicate a perceptible 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 Benelux

In value terms, lucerne meal and pellets production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in Benelux

In 2021, overseas shipments of lucerne (alfalfa) meal and pellets decreased by -4% to X tons, falling for the fourth year in a row after two years of growth. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, lucerne meal and pellets exports rose markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 41%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands dominates exports structure, reaching X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Belgium (X tons), achieving a 7% share of total exports.

The Netherlands was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets exports, with a CAGR of -6.8% from 2012 to 2021. Belgium (-22.8%) illustrated a downward trend over the same period. The Netherlands (+22 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -21.9% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest lucerne meal and pellets supplier in Benelux, comprising 93% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at -6.7%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 13%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%).

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in Benelux

In 2021, purchases abroad of lucerne (alfalfa) meal and pellets increased by 8% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 11%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lucerne meal and pellets imports rose sharply to $X in 2021. In general, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2017 when imports increased by 14% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) was the key importer of lucerne (alfalfa) meal and pellets, committing 75% of total imports. It was distantly followed by the Netherlands (X tons), comprising a 25% share of total imports.

Belgium was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets imports, with a CAGR of -3.6% from 2012 to 2021. The Netherlands (-7.2%) illustrated a downward trend over the same period. Belgium (+7.3 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -7% from 2012 to 2021, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets in Benelux, comprising 75% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total imports.

In Belgium, lucerne meal and pellets imports decreased by an average annual rate of -3.5% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 13%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.1%).

Source: IndexBox Platform