Report Update Nov 1, 2024

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

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

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

After two years of decline, the Cuban lucerne meal and pellets market increased by 11% to $X in 2021. Over the period under review, consumption, however, showed a abrupt decline. Lucerne meal and pellets 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 Cuba

In value terms, lucerne meal and pellets production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 30%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Cuba

In 2021, the amount of lucerne (alfalfa) meal and pellets exported from Cuba amounted to less than X kg, remaining stable against 2020. Overall, exports showed a relatively flat trend pattern.

In value terms, lucerne meal and pellets exports totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Cuba

For the sixth year in a row, Cuba recorded decline in overseas purchases of lucerne (alfalfa) meal and pellets, which decreased by -73.7% to X tons in 2021. Over the period under review, imports saw a sharp slump. The most prominent rate of growth was recorded in 2015 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, lucerne meal and pellets imports reduced rapidly to $X in 2021. In general, imports saw a dramatic contraction. The pace of growth was the most pronounced in 2015 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest lucerne meal and pellets supplier to Cuba, with a approx. 50% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -31.2%.

In value terms, Spain ($X) constituted the largest supplier of lucerne (alfalfa) meal and pellets to Cuba.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -29.9%.

Import Prices by Country

In 2021, the average lucerne meal and pellets import price amounted to $X per ton, picking up by 76% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +1.9% per year.

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, accounting for 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, comprising approx. 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 Cuba?

In value terms, Spain constituted the largest supplier of lucerne meal and pellets to Cuba.

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

The average lucerne meal and pellets import price stood at $373 per ton in 2021, increasing by 17% against the previous year.

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

Cuba

Data coverage:

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