Eastern Europe: Market for Lucerne (Alfalfa) Meal And Pellets 2024

Market Size for Lucerne (Alfalfa) Meal And Pellets in Eastern Europe

The East European lucerne meal and pellets market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Lucerne (Alfalfa) Meal And Pellets in Eastern Europe

In value terms, lucerne meal and pellets production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 when the production volume increased by 28% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in Eastern Europe

In 2021, approx. X tons of lucerne (alfalfa) meal and pellets were exported in Eastern Europe; growing by 81% against the previous year. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 95%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, lucerne meal and pellets exports soared to $X in 2021. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Bulgaria (X tons) represented the largest exporter of lucerne (alfalfa) meal and pellets, generating 51% of total exports. Romania (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (10%), the Czech Republic (9.8%) and Lithuania (5.2%). The following exporters - Ukraine (X tons) and Russia (X tons) - each amounted to an 8.3% share of total exports.

Exports from Bulgaria increased at an average annual rate of +28.5% from 2012 to 2021. At the same time, Lithuania (+148.2%), Russia (+44.1%), Ukraine (+36.6%), Romania (+28.7%) and Hungary (+4.4%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +148.2% from 2012-2021. By contrast, the Czech Republic (-4.2%) illustrated a downward trend over the same period. While the share of Bulgaria (+34 p.p.), Romania (+10 p.p.), Lithuania (+5.2 p.p.), Ukraine (+4.3 p.p.) and Russia (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hungary (-12.2 p.p.) and the Czech Republic (-36.2 p.p.) displayed negative dynamics.

In value terms, Bulgaria ($X) remains the largest lucerne meal and pellets supplier in Eastern Europe, comprising 49% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total exports. It was followed by Romania, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Bulgaria stood at +28.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+1.5% per year) and Romania (+19.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 6.2% against the previous year. In general, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when the export price increased by 11%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+11.1%), while the other leaders experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in Eastern Europe

In 2021, supplies from abroad of lucerne (alfalfa) meal and pellets increased by 174% to X tons, rising for the fourth year in a row after five years of decline. In general, imports continue to indicate a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lucerne meal and pellets imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons), distantly followed by Bulgaria (X tons), Slovakia (X tons), Poland (X tons), Estonia (X tons) and Hungary (X tons) represented the main importers of lucerne (alfalfa) meal and pellets, together constituting 91% of total imports. Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +167.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constitutes the largest market for imported lucerne (alfalfa) meal and pellets in Eastern Europe, comprising 40% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 15% share of total imports. It was followed by Slovakia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Czech Republic totaled +28.6%. In the other countries, the average annual rates were as follows: Bulgaria (+19.1% per year) and Slovakia (+6.7% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Estonia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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