Denmark: Market for Lucerne (Alfalfa) Meal And Pellets 2025

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

In 2021, the Danish lucerne meal and pellets market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in Denmark

In value terms, lucerne meal and pellets production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Denmark

In 2021, shipments abroad of lucerne (alfalfa) meal and pellets decreased by -18.8% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2018 when exports increased by 62% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, lucerne meal and pellets exports shrank significantly to $X in 2021. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 80% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for lucerne meal and pellets exports from Denmark, accounting for a 89% share of total exports. Moreover, lucerne meal and pellets exports to Norway exceeded the volume sent to the second major destination, Iceland (X tons), more than tenfold. The third position in this ranking was taken by Finland (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+15.3% per year) and Finland (+14.2% per year).

In value terms, Norway ($X) remains the key foreign market for lucerne (alfalfa) meal and pellets exports from Denmark, comprising 82% of total exports. The second position in the ranking was held by Finland ($X), with an 11% share of total exports. It was followed by Iceland, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Norway amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+16.2% per year) and Iceland (+15.9% per year).

Export Prices by Country

The average lucerne meal and pellets export price stood at $X per ton in 2021, with a decrease of -4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2013 an increase of 15%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Denmark

In 2021, purchases abroad of lucerne (alfalfa) meal and pellets decreased by -7.4% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2017 when imports increased by 285% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, lucerne meal and pellets imports contracted rapidly to $X in 2021. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 291% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest lucerne meal and pellets supplier to Denmark, with a 81% share of total imports. Moreover, lucerne meal and pellets imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +151.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.5% per year) and the Netherlands (+13.0% per year).

In value terms, Italy ($X) constituted the largest supplier of lucerne (alfalfa) meal and pellets to Denmark, comprising 83% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 9% share of total imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +138.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.6% per year) and Germany (+0.7% per year).

Import Prices by Country

In 2021, the average lucerne meal and pellets import price amounted to $X per ton, shrinking by -11.5% against the previous year. Over the period under review, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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