Report Update Nov 1, 2024

Croatia - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights

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

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

In 2021, the Croatian lucerne meal and pellets market increased by 2.9% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. Lucerne meal and pellets consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in Croatia

In value terms, lucerne meal and pellets production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 109% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to continue growth in the near future.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Croatia

In 2021, exports of lucerne (alfalfa) meal and pellets from Croatia skyrocketed to X tons, growing by 20% on the previous year's figure. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,534% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, lucerne meal and pellets exports soared to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 722% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for lucerne meal and pellets exports from Croatia, with a 100% share of total exports. It was followed by Slovenia (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +22.8%.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for lucerne (alfalfa) meal and pellets exports from Croatia, comprising 100% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina amounted to +21.3%.

Export Prices by Country

In 2021, the average lucerne meal and pellets export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the export price, however, showed a slight setback. The growth pace was the most rapid in 2013 an increase of 56%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bosnia and Herzegovina stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+5.7%).

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Croatia

In 2021, overseas purchases of lucerne (alfalfa) meal and pellets decreased by -3.9% to X tons, falling for the third consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 56% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, lucerne meal and pellets imports expanded rapidly to $X in 2021. Over the period under review, imports saw a mild descent. The pace of growth appeared the most rapid in 2017 when imports increased by 55%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of lucerne meal and pellets imports to Croatia, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +9.1%), while purchases for the other leaders experienced a decline.

In value terms, Hungary ($X), the Czech Republic ($X) and Italy ($X) appeared to be the largest lucerne meal and pellets suppliers to Croatia, together accounting for 98% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +6.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average lucerne meal and pellets import price amounted to $X per ton, picking up by 12% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lucerne (alfalfa) meal and pellets in the world?

China constituted the country with the largest volume of lucerne meal and pellets consumption, comprising approx. 17% of total volume. Moreover, lucerne meal and pellets consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the largest producers of lucerne (alfalfa) meal and pellets in the world?

The country with the largest volume of lucerne meal and pellets production was China, accounting for 16% of total volume. Moreover, lucerne meal and pellets production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 6.6% share.

What are the leading suppliers of lucerne (alfalfa) meal and pellets to Croatia?

In value terms, Hungary, the Czech Republic and Italy appeared to be the largest lucerne meal and pellets suppliers to Croatia, together accounting for 98% of total imports.

What are the leading importers of lucerne (alfalfa) meal and pellets from Croatia?

In value terms, Bosnia and Herzegovina remains the key foreign market for lucerne meal and pellets exports from Croatia.

What is the average export price for lucerne (alfalfa) meal and pellets in Croatia?

The average lucerne meal and pellets export price stood at $208 per ton in 2021, with a decrease of -2.4% against the previous year.

What is the average import price for lucerne (alfalfa) meal and pellets in Croatia?

The average lucerne meal and pellets import price stood at $249 per ton in 2021, growing by 12% against the previous year.

This report provides an in-depth analysis of the market for lucerne meal and pellets in Croatia. 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:

Croatia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Croatia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023