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

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

In 2021, after two years of decline, there was growth in the CIS lucerne meal and pellets market, when its value increased by 3% to $X. Over the period under review, consumption, however, saw a pronounced descent. 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 CIS

In value terms, lucerne meal and pellets production reached $X in 2021 estimated in export price. Overall, production, however, saw a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 31%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in CIS

In 2021, the amount of lucerne (alfalfa) meal and pellets exported in the CIS skyrocketed to X tons, jumping by 248% against the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lucerne meal and pellets exports surged to $X in 2021. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia represented the key exporting country with an export of about X tons, which recorded 81% of total exports. Kazakhstan (X tons) held the second position in the ranking, followed by Azerbaijan (X tons). All these countries together held approx. 16% share of total exports. Belarus (X tons) took a little share of total exports.

Exports from Russia increased at an average annual rate of +44.1% from 2012 to 2021. At the same time, Azerbaijan (+195.8%), Kazakhstan (+120.5%) and Belarus (+117.2%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +195.8% from 2012-2021. From 2012 to 2021, the share of Kazakhstan, Azerbaijan and Belarus increased by +11, +4.8 and +2.4 percentage points, respectively.

In value terms, Russia ($X) remains the largest lucerne meal and pellets supplier in the CIS, comprising 76% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 16% share of total exports. It was followed by Azerbaijan, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +31.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+126.3% per year) and Azerbaijan (+142.4% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, with a decrease of -1.6% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2020 an increase of 6.1% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Kazakhstan ($X per ton) and Azerbaijan ($X per ton), while Russia ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.6%), while the other leaders experienced a decline in the export price figures.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in CIS

In 2021, supplies from abroad of lucerne (alfalfa) meal and pellets increased by 40% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, showed a abrupt decline. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lucerne meal and pellets imports soared to $X in 2021. In general, imports, however, saw a drastic downturn. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Moldova represented the major importing country with an import of around X tons, which recorded 73% of total imports. Armenia (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (7.1%).

Moldova was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets imports, with a CAGR of +21.5% from 2012 to 2021. Armenia experienced a relatively flat trend pattern. Kazakhstan (-36.5%) illustrated a downward trend over the same period. While the share of Moldova (+71 p.p.) and Armenia (+19 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-88 p.p.) displayed negative dynamics.

In value terms, Moldova ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets in the CIS, comprising 66% of total imports. The second position in the ranking was held by Armenia ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Moldova amounted to +20.7%. In the other countries, the average annual rates were as follows: Armenia (0.0% per year) and Kazakhstan (-31.2% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the import price showed a prominent increase. The growth pace was the most rapid in 2016 when the import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Armenia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.4%).

Source: IndexBox Platform

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