Central Asia - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCentral Asia: Market for Lucerne (Alfalfa) Meal And Pellets 2024
Market Size for Lucerne (Alfalfa) Meal And Pellets in Central Asia
The Central Asian lucerne meal and pellets market contracted to $X in 2021, waning by -2.7% against the previous year. In general, consumption, however, recorded a mild descent. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.
Production of Lucerne (Alfalfa) Meal And Pellets in Central Asia
In value terms, lucerne meal and pellets production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 22%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.
Exports of Lucerne (Alfalfa) Meal And Pellets
Exports in Central Asia
In 2021, the amount of lucerne (alfalfa) meal and pellets exported in Central Asia skyrocketed to X tons, with an increase of 165% against the previous year. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 23,508% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.
In value terms, lucerne meal and pellets exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 23,079% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.
Exports by Country
Kazakhstan (X tons) represented roughly 100% of total exports in 2021.
Kazakhstan was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets exports, with a CAGR of +120.5% from 2016 to 2021. From 2016 to 2021, the share of Kazakhstan increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Kazakhstan ($X) also remains the largest lucerne meal and pellets supplier in Central Asia.
In Kazakhstan, lucerne meal and pellets exports expanded at an average annual rate of +126.3% over the period from 2016-2021.
Export Prices by Country
The export price in Central Asia stood at $X per ton in 2021, surging by 59% against the previous year. Export price indicated measured growth from 2016 to 2021: its price increased at an average annual rate of +3.3% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lucerne meal and pellets export price increased by +98.9% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Kazakhstan.
From 2016 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +2.6% per year.
Imports of Lucerne (Alfalfa) Meal And Pellets
Imports in Central Asia
For the ninth consecutive year, Central Asia recorded decline in overseas purchases of lucerne (alfalfa) meal and pellets, which decreased by -26.6% to X tons in 2021. In general, imports faced a dramatic shrinkage. The smallest decline of -17.9% was in 2015. Over the period under review, imports reached the maximum 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 fell markedly to $X in 2021. Overall, imports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2015 when imports increased by 6.3% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
The countries with the highest levels of lucerne meal and pellets imports in 2021 were Kazakhstan (X tons), together amounting to 100% of total import.
Kazakhstan was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets imports, with a CAGR of -36.5% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.
In value terms, Kazakhstan ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets in Central Asia.
From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan amounted to -31.2%.
Import Prices by Country
The import price in Central Asia stood at $X per ton in 2021, dropping by -12.4% against the previous year. Overall, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 when the import price increased by 59% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.
From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +8.4% per year.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for lucerne meal and pellets in Central Asia. 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.
Product coverage:
- Prodcom 10912000 - Lucerne (alfalfa) meal and pellets
Country coverage:
- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Central Asia, split by region and country
- Trade (exports and imports) in Central Asia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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